OJSC MAGNIT - Correction: Admission to Trading at OJSC "SPE"

"Inclusion of shares into the quotation list of OJSC "Saint Petersburg
Exchange" has been replaced by "Admission of Shares to Trading at OJSC "Saint
Petersburg Exchange"
"Date of inclusion of shares into the quotation list" has been replaced by
"Date of inclusion of shares into the list of securities admitted to trading"




Press-release

Krasnodar

June 5, 2014

OJSC "Magnit" Announces the Admission of its Shares to Trading at OJSC "Saint
Petersburg Exchange"

Krasnodar, June 5, 2014: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is
pleased to announce the admission of its shares to trading at OJSC "Saint
Petersburg Exchange".

Please be informed that shares of OJSC "Magnit" will be included into the list
of securities admitted to trading at OJSC "Saint Petersburg Exchange".

Securities market   Open joint-stock company" Saint Petersburg Exchange"
maker:

Type of securities: Ordinary registered shares (State registration number 1-01-60525-P)

Date of inclusion   June 6,2014
of shares into the
list of securities
admitted to
trading:

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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