OREANDA-NEWS. November 2, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces change of share in the charter capital of OJSC “Magnit" (ordinary shares stake) owned by Marina Ivanova, the member of the OJSC “Magnit” Management Board, from 0.004 % to 0.0043%.

Name and position of the person:

Marina Ivanova, the member of the OJSC “Magnit" Management Board

Company:

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

Share in charter capital before change:

0.004%

Ordinary shares stake before change:

0.004%

Share in charter capital after change:

0.0043%

Ordinary shares stake after change:

0.0043%

Date of change of share in the charter capital

October 23, 2012

Date of the fact being reported:

October 23, 2012