OREANDA-NEWS. OJSC “Magnit”, Russia's largest food retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), announces the disposal of shares by 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 disposal: voting shares of the Issuer

Date of disposal: June 26, 2014

Amount of disposed shares: 19,439 shares (0.020557% of the total equity)

Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before disposal: 87,422 votes (0.092450% of the total number of votes)

Amount of votes after disposal: 67,983 votes (0.071893% of the total number of votes)