OJSC MAGNIT - Change of Share

Press-release

Krasnodar

March 26, 2014

OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, March 26, 2014: 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      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

March 25, 2014             Acquisition of shares

Amount of acquired shares: 31,700 shares (0.033523% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     295,991 votes (0.313015% of the total number of
acquisition:               votes)

Amount of votes after      327,691 votes (0.346538% of the total number of
acquisition:               votes)

March 25, 2014             Disposal of shares

Amount of disposed shares: 11,283 shares (0.011932% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     327,691 votes (0.346538% of the total number of
disposal:                  votes)

Amount of votes after      316,408 votes (0.334606% of the total number of
disposal:                  votes)

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 retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 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.

Copyright h 26 PR Newswire