OJSC MAGNIT - Change of Share (BoD and Management Board Members)

Press-release

Krasnodar

July 7, 2014

OJSC "Magnit" Announces the Change of Share of the BoD Members and the Members
of the Management Board in the Charter Capital

Krasnodar, July 7, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the change of share of the BoD
members and the members of the Management Board in the charter capital.

On July 7, 2014 the Company has been notified of the following changes of share
of the BoD members and the members of the Management Board in its charter
capital (date of change: July 3, 2014).

   Name and     Share in the    Share of the    Share in the    Share of the
   position    charter capital ordinary shares charter capital ordinary shares
                before change   before change   after change    after change

Khachatur         0,00077%        0,00077%         0,0016%         0,0016%
Pombukhchan

Chairman of
the BoD

Andrey            0,20677%        0,20677%         0,2076%         0,2076%
Arutyunyan

BoD member

Aslan             0,00286%        0,00286%        0,00369%        0,00369%
Shkhachemukov

BoD member

Alexander         0,00335%        0,00335%        0,00418%        0,00418%
Barsukov

member of the
Management
Board

Ilya Sattarov        0%              0%           0,00083%        0,00083%

member of the
Management
Board

Marina Ivanova    0,00312%        0,00312%        0,00395%        0,00395%

member of the
Management
Board

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 17600
                                        Mobile: [phone]
                                        Direct Line: [phone]

Dina Svishcheva                         Deputy Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 15101
                                        Mobile: [phone]
                                        Direct Line: [phone]

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 March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and
towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.

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