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 24, 2014

Acquisition of shares

Amount of acquired shares

11,400 shares (0.012056% of the total equity)

Basis for acquisition

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

Amount of votes before acquisition

79,242 votes (0.083800% of the total number of votes)

Amount of votes after acquisition

90,642 votes (0.095855% of the total number of votes)

June 24, 2014

Disposal of shares

Amount of disposed shares

2,234 shares (0.002362% of the total equity)

Basis for disposal

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

Amount of votes before disposal

90,642 votes (0.095855% of the total number of votes)

Amount of votes after disposal

88,408 votes (0.093493% of the total number of votes)