OREANDA-NEWS. OJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces change of share in the charter capital of OJSC "Magnit" (ordinary shares stake) owned by Khachatur Pombukhchan, the chairman of OJSC "Magnit" Board of Directors.

Name and position of the person: Khachatur Pombukhchan, the chairman of OJSC "Magnit" Board of Directors

Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia

Share in the charter capital before change: 0.00111%

Ordinary shares stake before change: 0.00111%

Share in the charter capital after change: 0.000635%

Ordinary shares stake after change: 0.000635%

Date of change of share in the charter capital: July 30, 2014

Date of the fact being reported: July 31, 2014

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614 convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013, Magnit had revenues of USD 18,202 million USD and an EBITDA of USD 2,032 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.