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

March 25, 2014

Acquisition of shares

Amount of acquired shares:

31,700 shares (0.033523% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

295,991 votes (0.313015% of the total number of votes)

Amount of votes after acquisition:

327,691 votes (0.346538% of the total number of votes)

March 25, 2014

Disposal of shares

Amount of disposed shares:

11,283 shares (0.011932% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

327,691 votes (0.346538% of the total number of votes)

Amount of votes after disposal:

316,408 votes (0.334606% of the total number of votes)