Magnit OAO : OJSC “Magnit” announces the disposal of shares by the entity under the issuer’s control

Press-release Krasnodar January 11, 2013

OJSC "Magnit" announces the disposal of shares by the entity under the issuer's control

Krasnodar, January 11, 2013: OJSC "Magnit" (the "Company", the "Issuer", MICEX and LSE: MGNT) announces the disposal 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 disposal: voting shares of the Issuer
Amount of disposed shares: 5,500 shares (0.0058% of the total equity)
Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 125,726 votes (0.1329% of the total number of votes) Amount of votes after disposal: 120,226 votes (0.1271% of the total number of votes) Date of disposal: January 10, 2013

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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 December 31, 2012 the chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family" stores and 692 cosmetics stores (drogerie) in 1,605 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 December 31, 2012 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,401 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.