OJSC “Magnit” Announces the Acquisition of Shares by the Entity under the Issuer’s Control

Krasnodar, Russia, 2014-1-15 — /EPR Retail News/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”, the “Issuer”, MCX:MGNT and LON:MGNT), announces the acquisition of shares by the entity which is under the Issuer’s control.

Full company name and address: joint-stock company “Tander”
185, Levanevskogo street, Krasnodar, Russia
Taxpayer Id Number: 2310031475
Principal State Registration Number: 1022301598549
Object of acquisition: voting shares of the Issuer

Date of acquisition: January 13, 2014
Amount of acquired shares: 370 shares (0.000391% of the total equity)
Basis for acquisition: Sales and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 17,364 votes (0.018362% of the total number of votes)
Amount of votes after acquisition: 17,734 votes (0.018754% of the total number of votes)

Date of acquisition: January 14, 2014
Amount of acquired shares: 17,350 shares (0.018348% of the total equity)
Basis for acquisition: Sales and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 17,734 votes (0.018754% of the total number of votes)
Amount of votes after acquisition: 35,084 votes (0.037102% of the total number of 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: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@gw.tander.ru
Office: +7-861-277-45-54 x5101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

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 its reviewed IFRS consolidated financial statements, Magnit had 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) 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 food retailer.