OREANDA-NEWS. OJSC “Magnit”, Russia's largest food retailer (the “Company”; MICEX and LSE: MGNT), announces change of share in the charter capital of OJSC “Magnit” (ordinary shares stake) owned by Ilya Sattarov, the member of the OJSC “Magnit” Management Board.

Name and position of the person:

Ilya Sattarov, 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:

0.0018%

Ordinary shares stake before change:

0.0018%

Share in charter capital after change:

0%

Ordinary shares stake after change:

0%

Date of change of share in the charter capital:

May 15, 2014

Date of the fact being reported:

May 16, 2014