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:

September 5, 2014

Amount of disposed shares:

25,049 shares (0.026490% of the total equity)

Basis for disposal:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before disposal:

306,557 votes (0.324188% of the total number of votes)

Amount of votes after disposal:

281,508 votes (0.297699% of the total number of votes)

Date of disposal:

September 8, 2014

Amount of disposed shares:

6,006 shares (0.006351% of the total equity)

Basis for disposal:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before disposal:

281,508 votes (0.297699% of the total number of votes)

Amount of votes after disposal:

275,502 votes (0.291347% of the total number of votes)

Date of disposal:

September 9, 2014

Amount of disposed shares:

35,713 shares (0.037767% of the total equity)

Basis for disposal:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before disposal:

275,502 votes (0.291347% of the total number of votes)

Amount of votes after disposal:

239,789 votes (0.253580% of the total number of votes)