OREANDA-NEWS. OJSC “Magnit” (the “Company”, the “Issuer”, MICEX and LSE: MGNT) announces the disposal of shares by the entity which is under the Issuer’s control.

Full company name and address:

joint-stock company “Tander”

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:

2310031475

Principal State Registration Number:

1022301598549

Object of disposal:

voting shares of the Issuer

Amount of disposed shares:

517 shares (0.0005% of the total equity)

Basis for disposal:

Securities Purchase Agreement (off-exchange)

Amount of votes before disposal:

117401 votes (0.1241 % of the total number of votes)

Amount of votes after disposal:

116,884 votes (0.1236% of the total number of votes)

Date of disposal:

January 25, 2013