OJSC MAGNIT - Material Fact

Press-release

Krasnodar

March 20, 2014

OJSC "Magnit"Announces the Disposal of Shares by the Entity under the Issuer's
Control

Krasnodar, March 20, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company", the "Issuer", MICEX and LSE: MGNT), announces the disposal of shares
by 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 disposal:        voting shares of the Issuer

Date of disposal:          March19, 2014

Amount of disposed shares: 29,689shares (0.031397% of the total equity)

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

Amount of votes before     320,588 votes (0.339026%of the total number of
disposal:                  votes)

Amount of votes after      290,899 votes (0.307630% of thetotal 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 unaudited IFRS management accounts 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 now
Europe's 2nd largest retailer.

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