OJSC MAGNIT - Change of Share

Press-release

Krasnodar

June 17, 2014

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

Krasnodar, June 17, 2014: OJSC "Magnit", Russia's largest food 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

June 11, 2014              Disposal of shares

Amount of disposed shares: 178,744 shares (0.189024% of the total equity)

Basis for disposal:        Repurchase Agreement

Amount of votes before     233,660 votes (0.247099% of the total number of
disposal:                  votes)

Amount of votes after      54,916 votes (0.058074% of the total number of votes)
disposal:

June 16, 2014              Acquisition of shares

Amount of acquired shares: 167,728 shares (0.177375% of the total equity)

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

Amount of votes before     54,916 votes (0.058074% of the total number of votes)
acquisition:

Amount of votes after      222,644 votes (0.235449% of the total number of
acquisition:               votes)

June 16, 2014              Disposal of shares

Amount of disposed shares: 862 shares (0.000912% of the total equity)

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

Amount of votes before     222,644 votes (0.235449% of the total number of
disposal:                  votes)

Amount of votes after      221,782 votes (0.234538% 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 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.

Copyright e 17 PR Newswire