Press-release Krasnodar September 19, 2014 OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, September 19, 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 September 16, 2014 Acquisition of shares Amount of acquired shares: 751 shares (0.000794% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 232,489 votes (0.245860% of the total number of acquisition: votes) Amount of votes after 233,240 votes (0.246655% of the total number of acquisition: votes) September 16, 2014 Disposal of shares Amount of disposed shares: 743 shares (0.000786% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 233,240 votes (0.246655% of the total number of disposal: votes) Amount of votes after 232,497 votes (0.245869% of the total number of disposal: votes) September 17, 2014 Acquisition of shares Amount of acquired shares: 17,433 shares (0.018436% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 232,497 votes (0.245869% of the total number of acquisition: votes) Amount of votes after 249,930 votes (0.264305% of the total number of acquisition: votes) September 18, 2014 Disposal of shares Amount of disposed shares: 21,688 shares (0.022935% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 249,930 votes (0.264305% of the total number of disposal: votes) Amount of votes after 228,242 votes (0.241369% of the total number of disposal: votes) For further information, please contact: Timothy Post Director, Investor Relations Email: post@magnit.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@magnit.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 June 30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614 convenience, 226 hypermarkets, and 778 drogeries) 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 $9,979 million USD and an EBITDA of $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.