Press-releaseKrasnodarJanuary 24, 2014OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's ControlKrasnodar, January 24, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share ofthe entity which is under the Issuer's control.Full company name and joint-stock company "Tander"address: 185, Levanevskogo street, Krasnodar, RussiaTaxpayer Id Number: 2310031475Principal State 1022301598549Registration Number:Object of acquisition: voting shares of the IssuerJanuary 21, 2014 Acquisition of sharesAmount of acquired shares: 50,236 shares (0.053125% of the total equity)Basis for acquisition: Salesand Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase AgreementAmount of votes before 75,174 votes (0.079498% of the total number of votes)acquisition:Amount of votes after 125,410 votes (0.132623% of the total number ofacquisition: votes)January 21, 2014 Disposal of sharesAmount of disposed shares: 12,177 shares (0.012877% of the total equity)Basis for disposal: Sales and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 125,410 votes (0.132623% of the total number ofdisposal: votes)Amount of votes after 113,233 votes (0.119746% of the total number ofdisposal: votes)January 22, 2014 Acquisition of sharesAmount of acquired shares: 6,800 shares (0.007191% of the total equity)Basis for acquisition: Sales and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 113,233 votes (0.119746% of the total number ofacquisition: votes)Amount of votes after 120,033 votes (0.126937% of the total number ofacquisition: votes)January 22, 2014 Disposal of sharesAmount of disposed shares: 150shares (0.000159% of the total equity)Basis for disposal: Sales and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 120,033 votes (0.126937% of the total number ofdisposal: votes)Amount of votes after 119,883 votes (0.126778% of the total number ofdisposal: votes)January 23, 2014 Acquisition of sharesAmount of acquired shares: 7,000 shares (0.007403% of the total equity)Basis for acquisition: Sales and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 119,883 votes (0.126778% of the total number ofacquisition: votes)Amount of votes after 126,883 votes (0.134181% of the total number ofacquisition: votes)For further information, please contact:Timothy Post Director, Investor Relations Email: post@gw.tander.ru Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with its reviewed IFRS consolidated financial statements, Magnithad 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest food retailer.