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 0.00843% to 0.0059%.

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:

0.00843%

Ordinary shares stake before change:

0.00843%

Share in charter capital after change:

0.0059%

Ordinary shares stake after change:

0.0059%

Date of change of share in the charter capital:

February 17, 2014

Date of the fact being reported:

February 18, 2014