Krasnodar, August 12, 2009: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) announces the transfer of its securities into the Quotation list “A” level 2.

OJSC “Magnit” announces the transfer of its ordinary shares from the quotation list “B” of CJSC “MICEX Stock Exchange” to the quotation list “A” level 2 of CJSC “MICEX Stock Exchange” in accordance with amendment № 724 to the List of securities admitted to trading at CJSC “MICEX Stock Exchange” which was ratified by the decision of the CJSC “MICEX Stock Exchange” Directorate (Minutes № 123 of 07.08.2009).

Securities market maker: close joint-stock company “MICEX Stock Exchange”

Type of securities: ordinary nominal shares

State registration number 1-01-60525-R of 04.03.2004

Amount of offered securities: not applicable

OJSC «Magnit» announces the transfer of its securities into the Quotation list «A&quot;

OJSC «Magnit» announces the transfer of its securities into the Quotation list «A"