Press-release

    Krasnodar

    July 31, 2015

    PJSC "Magnit" Announces the Opening of the 206th Hypermarket

    Krasnodar, July 31, 2015: PJSC "Magnit", Russia's largest food retailer (the
    "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 206th
    hypermarket.

    Please be informed that today the Company opened its 206th hypermarket of a
    small format located at 11 Vokzalnaya street ("Apelsin" shopping center),
    Velikiye Luki, Pskov oblast, North-Western Federal Region. Assortment of the
    hypermarket consists of more than 14,700 SKUs, out of which about 74% are food
    items. There are 19 cash desks installed in the sales area. The outlet is
    leased by the Company. The hypermarket is open 7 days a week from 9 am to 11
    pm.

    For further information, please contact:

    Timothy Post                               Director, Investor Relations                
                                               Email: post@magnit.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@magnit.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 food retailer. Founded in 1994, the company is
    headquartered in the southern Russian city of Krasnodar. As of June 30, 2015,
    Magnit operated 29 distribution centers and over 10,700 stores (8,890
    convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately
    2,233 cities and towns throughout 7 federal regions of the Russian Federation.

    In accordance with the unaudited IFRS management accounts 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.