OREANDA-NEWS. OJSC “Magnit”, Russia’s largest retailer (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 0.00685% to 0.00688%.

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:

0.00685%

Ordinary shares stake before change:

0.00685%

Share in charter capital after change:

0.00688%

Ordinary shares stake after change:

0.00688%

Date of change of share in the charter capital:

June 25, 2013

Date of the fact being reported:

June 26, 2013

Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209 convenience, 153 hypermarkets, and 713 cosmetics) in more than 1,600 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with its audited IFRS consolidated financial statements for year-end 2012, Magnit had revenues of USD 14.43 billion USD and an EBITDA of USD 1.52 billion USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is now Europe's 2nd largest retailer.