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.

joint-stock company "Tander"

run company name and address:

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:

2310031475

Principal State Registration Number:

1022301598549

Object of acquisition:

voting shares of the Issuer

March 12, 2014

Acquisition of shares

Amount of acquired shares:

14,400 shares (0.015228% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

277,267 votes (0.293214% of the total number of votes)

Amount of votes after acquisition:

291,667 votes (0.308442% of the total number of votes)

March 12, 2014

Disposal of shares

Amount of disposed shares:

1,850 shares (0.001956% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

291,667 votes (0.308442% of the total number of votes)

Amount of votes after disposal:

289,817 votes (0.306486% of the total number of votes)