Press-release Krasnodar April 15, 2014 OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, April 15, 2014: OJSC "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 joint-stock company "Tander" address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State 1022301598549 Registration Number: Object of acquisition: voting shares of the Issuer April 14, 2014 Acquisition of shares Amount of acquired shares: 12,700 shares (0.013430% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 299,500 votes (0.316726% of the total number of acquisition: votes) Amount of votes after 312,200 votes (0.330156% of the total number of acquisition: votes) April 14, 2014 Disposal of shares Amount of disposed shares: 10,080 shares (0.010660% of the total equity) Basis for disposal: Repurchase Agreement Amount of votes before 312,200 votes (0.330156% of the total number of disposal: votes) Amount of votes after 302,120 votes (0.319496% of the total number of disposal: votes) For further information, please contact: Timothy Post Director, Investor Relations Email: post@gw.tander.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2014, Magnit operated 23 distribution centers and over 8,200 stores (7,341 convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.