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 Marina Ivanova, the member of the OJSC “Magnit" Management Board, from 0.003974% to 0.003340%.

Name and position of the person: Marina Ivanova, the member of the OJSC “Magnit" Management Board

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

Share in charter capital before change: 0.003974%

Ordinary shares stake before change: 0.003974%

Share in charter capital after change: 0.003340%

Ordinary shares stake after change: 0.003340%

Date of change of share in the charter capital: August 13, 2014

Date of the fact being reported: August 14, 2014