OREANDA-NEWS. OJSC “Magnit”, Russia's largest 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 address:

joint-stock company “Tander” 185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:

2310031475

Principal State Registration Number:

1022301598549

Object of acquisition:

voting shares of the Issuer

March 21, 2014

Acquisition of shares

Amount of acquired shares:

19,093 shares (0.020191% of the total equity)

Basis for acquisition:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange

Amount of votes before acquisition:

278,640 votes (0.294666% of the total number of votes)

Amount of votes after acquisition:

297,733 votes (0.314857% of the total number of votes)

March 21, 2014

Disposal of shares

Amount of disposed shares:

16,474 shares (0.017421% of the total equity)

Basis for disposal:

Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange,

Repurchase Agreement

Amount of votes before disposal:

297,733 votes (0.314857% of the total number of votes)

Amount of votes after disposal:

281,259 votes (0.297435% of the total number of votes)