Press-release Krasnodar September 24, 2014 OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, September 24, 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 19, 2014 Acquisition of shares Amount of acquired shares: 16,000 shares (0.016920% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 228,242 votes (0.241369% of the total number of acquisition: votes) Amount of votes after 244,242 votes (0.258289% of the total number of acquisition: votes) September 19, 2014 Disposal of shares Amount of disposed shares: 3,190 shares (0.003373% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 244,242 votes (0.258289% of the total number of disposal: votes) Amount of votes after 241,052 votes (0.254916% of the total number of disposal: votes) September 22, 2014 Acquisition of shares Amount of acquired shares: 4,573 shares (0.004836% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 241,052 votes (0.254916% of the total number of acquisition: votes) Amount of votes after 245,625 votes (0.259752% of the total number of acquisition: votes) September 22, 2014 Disposal of shares Amount of disposed shares: 8,500 shares (0.008989% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 245,625 votes (0.259752% of the total number of disposal: votes) Amount of votes after 237,125 votes (0.250763% of the total number of disposal: votes) September 23, 2014 Acquisition of shares Amount of acquired shares: 17,000 shares (0.017978% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 237,125 votes (0.250763% of the total number of acquisition: votes) Amount of votes after 254,125 votes (0.268741% of the total number of acquisition: 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.