Press-release

Krasnodar

January 13, 2014

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

Krasnodar, January 13, 2014: OJSC "Magnit", Russia's largest retailer (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      joint-stock company "Tander"
address:
                           185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:        2310031475

Principal State            1022301598549
Registration Number:

Object of disposal:        voting shares of the Issuer

Date of disposal:          January 10, 2014

Amount of disposed shares: 2,762 shares (0.002920% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange;Sale and Purchase Agreements
                           (off-exchange)

Amount of votes before     20,126 votes (0.021283%of the total number of votes)
disposal:

Amount of votes after      17,364 votes (0.018362% of thetotal number of votes)
disposal:

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.