OREANDA-NEWS. December 27, 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 Khachatur Pombukhchan, the chairman of the Board of OJSC “Magnit” directors, from 0.0002 % to 0.0003%.

Name and position of the person:

Khachatur Pombukhchan, the chairman of the Board of OJSC “Magnit" directors

Company:

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

Share in charter capital before change:

0.0002%

Ordinary shares stake before change:

0.0002%

Share in charter capital after change:

0.0003%

Ordinary shares stake after change:

0.0003%

Date of change of share in the charter capital

December 18, 2012

Date of the fact being reported:

December 19, 2012