OREANDA-NEWS. August 15, 2011. OJSC "Magnit" (the "Company", the "Issuer", RTS, MICEX and LSE: MGNT) announces acquisition of shares by the entity which is under 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

Amount of acquired shares:

7,500 shares (0.008% of the total equity)

Basis for acquisition:

Securities purchase agreements executed in trading of the stock exchange

Amount of votes before acquisition:

607,258 votes (0.6825% of the total number of votes)

Amount of votes after acquisition:

614,758 votes (0.6909% of the total number of votes)

Date of acquisition:

August 10, 2011