OREANDA-NEWS. January 23, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces change of share in charter capital of OJSC "Magnit" (ordinary shares stake) owned by Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors, from 0.0063% to 0.0066%.

Name and position of the person:

Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors

Company:

Open joint-stock company "Magnit", 18, Kolkhoznaya street, Krasnodar, Russia

Share in charter capital before change:

0.0063%

Ordinary shares stake before change:

0.0063%

Share in charter capital after change:

0.0066%

Ordinary shares stake after change:

0.0066%

Date of the fact being reported:

January 23, 2012