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

July 29, 2014 Acquisition of shares

Amount of acquired shares: 20,650 shares (0.021838% of the total equity)

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

Amount of votes before acquisition: 242,736 votes (0.256697% of the total number of votes)

Amount of votes after acquisition: 263,386 votes (0.278535% of the total number of votes)

July 29, 2014 Disposal of shares

Amount of disposed shares: 7,774 shares (0.008221% of the total equity)

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

Amount of votes before disposal: 263,386 votes (0.278535% of the total number of votes)

Amount of votes after disposal: 255,612 votes (0.270313% of the total number of votes)