OREANDA-NEWS. February 24, 2012. 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 0.0066% to 0.0067%.

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:

0.0066%

Ordinary shares stake before change:

0.0066%

Share in charter capital after change:

0.0067%

Ordinary shares stake after change:

0.0067%

Date of the fact being reported:

February 21, 2012