Krasnodar, February 11, 2011: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the inclusion (transfer) of its shares into the Quotation list “A” Level 1 at MICEX.

Dear Ladies and Gentlemen!

We are pleased to inform you that by decision of CJSC “MICEX Stock Exchange” of 29.12.2010 the ordinary shares of OJSC “Magnit” were transferred from the Quotation list “A” Level 2 into the Quotation list “A” Level 1 of CJSC “MICEX Stock Exchange”, and the Amendments № 1194 to the List of securities admitted to trading at CJSC “MICEX Stock Exchange” were approved.

OJSC “Magnit” announces the inclusion of its shares into the Quotation list “A” of the first level at MICEX