Press-release

    Krasnodar

    November 30, 2015

    PJSC "Magnit" Has Opened the 2,000th Drogerie Store

    Krasnodar, November 30, 2015: PJSC "Magnit", Russia's largest retailer (the
    "Company"; MOEX and LSE: MGNT) announces the opening of the 2,000th drogerie
    store.

    Please be informed that today the Company opened its 2,000th drogerie store
    located at 19 Komsomolskaya street, Kargapolye village, Kurgan oblast. This is
    the first "Magnit Cosmetic" store in this location. The total space of the
    store is 277 sq. m. and its selling space is 212 sq. m. The outlet is leased by
    the Company. Population of Kargapolye village stands at over 8,400 people. In
    this village Magnit already operates one food convenience store.

    For further information, please contact:

    Timothy Post                               Head of Investor Relations                  
                                               Email: post@magnit.ru                       
                                               Office: +7-861-277-4554 x 17600             
                                               Mobile: +7-961-511-7678                     
                                               Direct Line: +7-861-277-4562                
                                                                                           
    Investor Relations Office                  MagnitIR@magnit.ru                          
                                               Direct Line: +7-861-277-4562                
                                               Website: ir.magnit.com/                     
                                                                                           
    Media Inquiries                            Media Relations Department                  
                                               press@magnit.ru                             

    Company description:

    Magnit is Russia's largest food retailer. Founded in 1994, the company is
    headquartered in the southern Russian city of Krasnodar. As of September 30,
    2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246
    convenience, 335 hypermarkets, and 1,807 drogerie stores) in 2,297 cities and
    towns throughout 7 federal regions of the Russian Federation.

    In accordance with the reviewed IFRS consolidated financial statements for 1H
    2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion.
    Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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.