OREANDA-NEWS. PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces the change of share in the charter capital of PJSC "Magnit" (ordinary shares stake) owned by Sergey Galitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC "Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management Board.

Name and position of the person:

Sergey Galitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC "Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management Board

Company:

Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia

Share in the charter capital before change:

38.1371%

Ordinary shares stake before change:

38.1371%

Share in the charter capital after change:

37.5820%

Ordinary shares stake after change:

37.5820%

Date of change of share in the charter capital:

December 18, 2014

Date of the fact being reported:

December 22, 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.