OREANDA-NEWS. PJSC "Magnit", Russia's largest food 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

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December 12, 2014

Disposal of shares

Amount of disposed shares:

25,516 shares (0.026984% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

247,799 votes (0.262051% of the total number of votes)

Amount of votes after disposal:

222,283 votes (0.235067% of the total number of votes)

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December 15, 2014

Acquisition of shares

Amount of acquired shares:

58,500 shares (0.061865% of the total equity)

Basis for acquisition:

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

Amount of votes before acquisition:

222,283 votes (0.235067% of the total number of votes)

Amount of votes after acquisition:

280,783 votes (0.296932% of the total number of votes)

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December 15, 2014

Disposal of shares

Amount of disposed shares:

354 shares (0.000374% of the total equity)

Basis for disposal:

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

Amount of votes before disposal:

280,783 votes (0.296932% of the total number of votes)

Amount of votes after disposal:

280,429 votes (0.296558% of the total number of votes)

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of USD 9,979 million USD and an EBITDA of USD 1,045 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.