OREANDA-NEWS. OJSC “Magnit”, Russia's largest food 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

May 20, 2014

Acquisition of shares

Amount of acquired shares:

6,100 shares (0.006451% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

329,406 votes (0.348352% of the total number of votes)

Amount of votes after acquisition:

335,506 votes (0.354802% of the total number of votes)

May 20, 2014

Disposal of shares

Amount of disposed shares:

7,616 shares (0.008054% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

335,506 votes (0.354802% of the total number of votes)

Amount of votes after disposal:

327,890 votes (0.346748% of the total number of votes)