OREANDA-NEWS. January 21, 2013. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces change of share in the charter capital of OJSC “Magnit" (ordinary shares stake) owned by Marina Ivanova, the member of the OJSC “Magnit” Management Board, from 0.0063 % to 0.0065%.

Name and position of the person:

Marina Ivanova, the member of the OJSC “Magnit" Management Board

Company:

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

Share in charter capital before change:

0.0063%

Ordinary shares stake before change:

0.0063%

Share in charter capital after change:

0.0065%

Ordinary shares stake after change:

0.0065%

Date of change of share in the charter capital

January 15, 2013

Date of the fact being reported:

January 16, 2012

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX: MGNT) is the holding company for a group of entities that operate in the retail trade under the “Magnit” brand. The chain of “Magnit” stores is one of the leading food retail networks in Russia. As of December 31, 2012 the chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 “Magnit Family” stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughout the Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,401 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, Magnit recorded consolidated revenues of approximately USD 6.7 billion USD and a consolidated EBITDA of USD 671 million USD.