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

June 11, 2014

Disposal of shares

Amount of disposed shares:

178,744 shares (0.189024% of the total equity)

Basis for disposal:

Repurchase Agreement

Amount of votes before disposal:

233,660 votes (0.247099% of the total number of votes)

Amount of votes after disposal:

54,916 votes (0.058074% of the total number of votes)

June 16, 2014

Acquisition of shares

Amount of acquired shares:

167,728shares (0.177375% of the total equity)

Basis for acquisition:

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

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Agreement

Amount of votes before acquisition:

54,916 votes (0.058074% of the total number of votes)

Amount of votes after acquisition:

222,644 votes (0.235449% of the total number of votes)