OREANDA-NEWS. PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer", MICEX and LSE: MGNT), announces the acquisition 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 acquisition:

voting shares of the Issuer

Date of acquisition:

January 28, 2015

Amount of acquired shares:

10,854 shares (0.011478% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

35,519 votes (0.037562% of the total number of votes)

Amount of votes after acquisition:

46,373 votes (0.049040% of the total number of votes)

Date of acquisition:

January 29, 2015

Amount of acquired shares:

18,102 shares (0.019143% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

46,373 votes (0.049040% of the total number of votes)

Amount of votes after acquisition:

64,475 votes (0.068183% of the total number of votes)

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately 2,100 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. 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.