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

Press-release Krasnodar January 24, 2013

OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's Control

Krasnodar, January 24, 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: 136 shares (0.0001% of the total equity)
Basis for disposal: Securities Purchase Agreements (off-exchange) Amount of votes before disposal: 117,607 votes (0.1243% of the total number of votes) Amount of votes after disposal: 117,471 votes (0.1242% of the total number of votes) Date of disposal: January 22, 2013

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For further information, please contact:

Timothy Post Director, Investor Relations e-mail: [e-mail]
Tel. in Krasnodar [phone], 210-98-10 ext. 7600
Mob.: [phone]
Direct line for investors only: [phone]
Dina Svishcheva Deputy Director, 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 unaudited IFRS management accounts for 2012, Magnit recorded consolidated revenues of approximately $14,430 billion USD
and a consolidated EBITDA of $1,524 million USD.