OREANDA-NEWS. August 30, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces change of share in the charter capital of OJSC “Magnit" (ordinary shares stake) owned by Nikita Churikov, member of the Management Board of OJSC “Magnit”, from 0.000001 %. to 0.000002%.

Name and position of the person:

Nikita Churikov, member of the Management Board of OJSC “Magnit”

Company:

Open joint-stock company “Magnit”, 15/5, Solnechnaya street, Krasnodar, Russia

Share i n charter capital before change:

0.00001%

Ordi nary shares stake before change:

0.00001%

Share i n charter capital after change:

0.00002%

Ordi nary shares stake after change:

0.00002%

Date of change of share i n the charter capital

August 15, 2012

Date of the fact bei ng reported:

August 16, 2012