OREANDA-NEWS. December 23, 2011. OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces change of share of the CEO, BoD members and members of the Management Board in the charter capital

Name of issuer

Open Joint Stock Company "Magnit," a company incorporated and existing under the laws of the Russian Federation with its registered address at 18 Kolkhoznaya street, Krasnodar, Krasnodar region, Russian Federation.

On December 15, 2011 the Company has been notified of the following changes of the CEO, BoD members and members of the Management Board in its charter capital.

Name and position

Share in charter capital before change

Share of ordinary shares owned before change

Share in charter capital after change

Share of ordinary shares after change

Arutyunyan Andrey

BoD member

0,2151%

0,2151%

0,2024%

0,2024%

Butenko Valery

BoD member

0,0833%

0,0833%

0,0784%

0,0784%

Galitskiy Sergey

CEO, BoD member, Chairman of the Management Board

41,0935%

41,0935%

38,6659%

38,6659%

Pombukhchan Khachatur

Chairman of the BoD

0,0049%

0,0049%

0,0046%

0,0046%

Shkhachemukov Aslan

BoD member

0,001%

0,001%

0,0009%

0,0009%

Barsukov Alexander

member of the Management Board

0,0005%

0,0005%

0,0004%

0,0004%

Pisarenko Alexander member of the Management Board

0,0019%

0,0019%

0,0018%

0,0018%

Churikov Nikita

member of the Management Board

0,00005%

0,00005%

0,00004%

0,00004%