Press-releaseKrasnodarJuly 3, 2014OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's ControlKrasnodar, July 3, 2014: OJSC "Magnit", Russia's largest food 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 IssuerJuly 1, 2014 Acquisition of sharesAmount of acquired shares: 8,000 shares (0.008460% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 75,383 votes (0.079719% of the total number of votes)acquisition:Amount of votes after 83,383 votes (0.088179% of the total number of votes)acquisition:July 1, 2014 Disposal of sharesAmount of disposed shares: 3,443 shares (0.003641% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase AgreementAmount of votes before 83,383 votes (0.088179% of the total number of votes)disposal:Amount of votes after 79,940 votes (0.084538% of the total number of votes)disposal:July 2, 2014 Acquisition of sharesAmount of acquired shares: 6,237 shares (0.006596% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase AgreementAmount of votes before 79,940 votes (0.084538% of the total number of votes)acquisition:Amount of votes after 86,177 votes (0.091133% of the total number of votes)acquisition:July 2, 2014 Disposal of sharesAmount of disposed shares: 3,104 shares (0.003283% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 86,177 votes (0.091133% of the total number of votes)disposal:Amount of votes after 83,073 votes (0.087851% of the total number of votes)disposal:For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.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@magnit.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 food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 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.