OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), announces the change of share of 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

February 24, 2014

Acquisition of shares

Amount of acquired shares:

8,850 shares (0.009359% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

45,429 votes (0.048042% of the total number of votes)

Amount of votes after acquisition:

54,279 votes (0.057401% of the total number of votes)

February 24, 2014

Disposal of shares

Amount of disposed shares:

8,763 shares (0.009267% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

54,279 votes (0.057401% of the total number of votes)

Amount of votes after disposal:

45,516 votes (0.048134% of the total number of votes)