Krasnodar, December 30, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces that its subsidiary JSC “Tander” has acquired “TD-Holding” and “MagnitEnergo”.

Please be informed that JSC “Tander”, the operating company of “Magnit” Group, has bought LLC “TD- Holding” and LLC “MagnitEnergo”.

“TD-Holding” is a producer and a supplier of products to “Magnit” stores.

“MagnitEnergo” purchases electric energy on the wholesale market for the Company’s facilities.

The transactions are not material and were executed for the purpose of improving operating and financial efficiency.

OJSC «Magnit» announces that its subsidiary JSC «Tander» has acquired «TD-Holding» and «MagnitEnergo&quot;

OJSC «Magnit» announces that its subsidiary JSC «Tander» has acquired «TD-Holding» and «MagnitEnergo"