Press-release
Krasnodar
April 1, 2014
OJSC "Magnit" Announces Change of Share in the Charter Capital
Krasnodar, April 1, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), announces change of share in the charter
capital of OJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, the
member of the OJSC "Magnit" Management Board, from 0.0059% to 0.0046%.
Name and position of the Marina Ivanova, the member of the OJSC "Magnit"
person: Management Board
Company: Open joint-stock company "Magnit", 15/5,
Solnechnaya street, Krasnodar, Russia
Share in charter capital before 0.0059%
change:
Ordinary shares stake before 0.0059%
change:
Share in charter capital after 0.0046%
change:
Ordinary shares stake after 0.0046%
change:
Date of change of share in the March28, 2014
charter capital:
Date of the fact being April1, 2014
reported:
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@gw.tander.ru
Office: +7-861-277-4554 x 17600
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 x 15101
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 the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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 one
of the largest retailers in Europe.