Press-releaseKrasnodarMarch 28, 2014OJSC "Magnit"Announces theChangeof Share ofthe Entityunder the Issuer's ControlKrasnodar, March 28, 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 IssuerMarch 27, 2014 Acquisition of sharesAmount of acquired shares: 9,000shares (0.009518% of the total equity)Basis for acquisition: Sale andPurchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 297,575votes (0.314690% of the total number ofacquisition: votes)Amount of votes after 306,575votes (0.324207% of the total number ofacquisition: votes)March 27, 2014 Disposal of sharesAmount of disposed shares: 9,994shares (0.010569% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 306,575votes (0.324207% of the total number ofdisposal: votes)Amount of votes after 296,581votes (0.313639% of the total number ofdisposal: votes)For further information, please contact:Timothy Post Director, Investor Relations Email: post@gw.tander.ru Office: +7-861-277-4554 x 17600 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 x 15101 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 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) 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 oneof the largest retailers in Europe.