OJSC MAGNIT - Material Fact

Press-release

Krasnodar

August 29, 2014

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

Krasnodar, August 29, 2014: OJSC "Magnit", Russia's largest food 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:          August 28, 2014

Amount of disposed shares: 9,532 shares (0.010080% of the total equity)

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

Amount of votes before     257,353 votes (0.272155% of the total number of
disposal:                  votes)

Amount of votes after      247,821 votes (0.262074% 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 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 reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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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