OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), announces the change of share of 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 acquisition:

voting shares of the Issuer

February 3, 2014

Acquisition of shares

Amount of acquired shares:

7,400 shares (0.007826% of the total equity)

Basis for acquisition:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before acquisition:

178,457 votes (0.188721% of the total number of votes)

Amount of votes after acquisition:

185,857 votes (0.196546% of the total number of votes)

February 3, 2014

Disposal of shares

Amount of disposed shares:

7,310 shares (0.007730% of the total equity)

Basis for disposal:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before disposal:

185,857 votes (0.196546% of the total number of votes)

Amount of votes after disposal:

178,547 votes (0.188816% of the total number of votes)