OREANDA-NEWS. December 23, 2011. OJSC "Magnit" (the "Company", the "Issuer", RTS, MICEX and LSE: MGNT) announces disposal 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 disposal/acquisition:

voting shares of the Issuer

Amount of disposed shares:

151,773 shares (0.1605% of the total equity)

Basis for disposal:

Share Repurchase Agreement M 15/11/11-RA of 15.11.2011;

Amount of votes before disposal:

253,443 votes (0.2680% of the total number of votes)

Amount of votes after disposal:

101,670 votes (0.1075% of the total number of votes)

Date of disposal

December 15, 2011