OREANDA-NEWS. PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces the change of share of the BoD members and the members of the Management Board in the charter capital.

On December 1, 2014 the Company has been notified of the following changes of share of the BoD members and the members of the Management Board in its charter capital.

Name and position

Share in the charter capital before change

Share of the ordinary shares before change

Share in the charter capital after change

Share of the ordinary shares after change

Date of change

Khachatur Pombukhchan Chairman of the BoD

0,000476%

0,000476%

0,002253%

0,002253%

November 21, 2014

Khachatur Pombukhchan Chairman of the BoD

0,002253%

0,002253%

0,002284%

0,002284%

November 24, 2014

Alexander Barsukov Member of the Management Board

0,00418%

0,00418%

0,00596%

0,00596%

November 21, 2014

Ilya Sattarov Member of the Management Board

0,000249%

0,000249%

0,002025%

0,002025%

November 21, 2014

Aslan Shkhachemukov BoD Member

0,00369%

0,00369%

0,00547%

0,00547%

November 26, 2014

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of USD 9,979 million USD and an EBITDA of USD 1,045 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.