Krasnodar, May 17, 2010: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) announces the exclusion of its securities from the List of securities admitted to trading at CJSC “MICEX Stock Exchange”.

On April 20, 2010 the directorate — general of the CJSC “MICEX Stock Exchange” made the decisions as follows (№ 326-r):

to exclude the OJSC “Magnit” ordinary shares (state registration issuance number — 1-01-60525-P-005D of October 2, 2009)) from the section of the List of securities admitted to trading at CJSC “MICEX Stock Exchange” — “Non-listed stock” (securities admitted to trading without listing procedure) and to cease trading of the shares at CJSC “MICEX Stock Exchange” from April 21, 2010.
to approve the Amendments № 908 to the List of securities admitted to trading at CJSC “MICEX Stock Exchange”.

The above changes are due to the annulment of the individual code 005D of the state registration number 1-01-60525-P-005D of October 2, 2009, assigned to the additional issue of the ordinary registered uncertified shares of OJSC “Magnit”.

OJSC «Magnit» announces the exclusion of its securities from the List of securities admitted to trading at CJSC “MICEX Stock Exchange”