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

Date of acquisition: July 24, 2014

Amount of acquired shares: 33 shares (0.000035% of the total equity)

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

Amount of votes before acquisition: 301,474 votes (0.318813% of the total number of votes)

Amount of votes after acquisition: 301,507 votes (0.318848% of the total number of votes)