Magnit OAO : OJSC “Magnit” announces change of share of the BoD members and members of the Management Board in the charter capital

Press-release Krasnodar January 9, 2013

OJSC "Magnit" announces change of share of the BoD members and members of the Management Board in the charter capital

Krasnodar, January 9, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces change of share of the BoD members and members of the

Management Board in the charter capital.

Name of issuer

Open Joint Stock Company "Magnit," a company incorporated and existing under the laws of the Russian Federation with its registered address at 15/5
Solnechnaya street, Krasnodar, Krasnodar region, Russian Federation.
On January 9, 2013 the Company has been notified of the following changes of share of the BoD members and members of the Management Board in its charter capital (date of change: December 28, 2012).

Name and position	Share in charter capital before change	Share of ordinary shares owned before change	Share in charter capital after change	Share of ordinary shares after change
Pombukhchan Khachatur Chairman of the BoD	0,0003%	0,0003%	0,0022%	0,0022%
Shkhachemukov Aslan BoD member	0,0016%	0,0016%	0,0024%	0,0024%
Barsukov Alexander member of the Management Board	0,0015%	0,0015%	0,0026%	0,0026%
Ivanova Marina member of the Management Board	0,00452%	0,00452%	0,0061%	0,0061%
Sattarov Ilya member of the Management Board	0,0006%	0,0006%	0,0022%	0,0022%

For further information, please contact:

Oleg Goncharov Director, Investor Relations
e-mail: [e-mail]
Tel. in Krasnodar [phone], 210-98-10 ext. 5100
Mob.: [phone]
Direct line for investors only: [phone]
Dina Svishcheva Manager, Investor Relations
e-mail: [e-mail]
Tel. in Krasnodar [phone], 210-98-10 ext. 5101
Mob.: [phone]
Direct line for investors only: [phone]

Company description:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX: MGNT) is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of September 30, 2012 the chain consisted of
5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family" stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughout the Russian
Federation.
Approximately two-thirds of the Magnit's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the
Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of September 30, 2012 Magnit operated an in-house logistics system consisting of 17 distribution centers, employing automated stock replenishment systems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Magnit recorded consolidated revenues of approximately $6.7 billion
USD and a consolidated EBITDA of $671 million USD.