OJSC MAGNIT - Change of Share

Press-release

Krasnodar

July 31, 2014

OJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, July 31, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces change of share in the charter
capital of OJSC "Magnit" (ordinary shares stake) owned by Khachatur
Pombukhchan, the chairman of OJSC "Magnit" Board of Directors.

Name and position of the   Khachatur Pombukhchan, the chairman of OJSC "Magnit"
person:                    Board of Directors

Company:                   Open joint-stock company "Magnit", 15/5, Solnechnaya
                           street, Krasnodar, Russia

Share in the charter       0.00111%
capital before change:

Ordinary shares stake      0.00111%
before change:

Share in the charter       0.000635%
capital after change:

Ordinary shares stake      0.000635%
after change:

Date of change of share in July 30, 2014
the charter capital:

Date of the fact being     July 31, 2014
reported:

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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 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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