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 Khachatur Pombukhchan, the chairman of OJSC “Magnit” Board of Directors.

Name and position of the person:

Khachatur Pombukhchan, the chairman of OJSC “Magnit” Board of Directors

Company:

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

Share in charter capital before change:

0,00294%

Ordinary shares stake before change:

0.00294%

Share in charter capital after change:

0.00298%

Ordinary shares stake after change:

0.00298%

Date of change of share in the charter capital:

March 24, 2014

Date of the fact being reported:

March 25, 2014