Press-release

    Krasnodar

    October 13, 2015

    PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's
    Control

    Krasnodar, October 13, 2015: PJSC "Magnit", Russia's largest food retailer (the
    "Company", the "Issuer", MOEX and LSE: MGNT), announces the change of share of
    the entity which is under the Issuer's control.

    Full company name and        Joint Stock Company "Tander"                              
    address:                     185, Levanevskogo street, Krasnodar, Russia               
                                                                                           
    Taxpayer Id Number:          2310031475                                                
                                                                                           
    Principal State Registration 1022301598549                                             
    Number:                                                                                
                                                                                           
    Object of acquisition:       voting shares of the Issuer                               
                                                                                           
    October 7, 2015              Acquisition of shares                                     
                                                                                           
    Amount of acquired shares:   155 shares (0.000164% of the total equity)                
                                                                                           
    Basis for acquisition:       Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       66,947 votes (0.070797% of the total number of votes)     
    acquisition:                                                                           
                                                                                           
    Amount of votes after        67,102 votes (0.070961 % of the total number of votes)    
    acquisition:                                                                           
                                                                                           
    October 7, 2015              Disposal of shares                                        
                                                                                           
    Amount of disposed shares:   4,773 shares (0.005048% of the total equity)              
                                                                                           
    Basis for disposal:          Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       67,102 votes (0.070961 % of the total number of votes)    
    disposal:                                                                              
                                                                                           
    Amount of votes after        62,329 votes (0.065914% of the total number of votes)     
    disposal:                                                                              
                                                                                           
    October 8, 2015              Disposal of shares                                        
                                                                                           
    Amount of disposed shares:   6,041 shares (0.006388% of the total equity)              
                                                                                           
    Basis for disposal:          Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       62,329 votes (0.065914% of the total number of votes)     
    disposal:                                                                              
                                                                                           
    Amount of votes after        56,288 votes (0.059525 % of the total number of votes)    
    disposal:                                                                              
                                                                                           
    October 9, 2015              Acquisition of shares                                     
                                                                                           
    Amount of acquired shares:   3,403 shares (0.003599 % of the total equity)             
                                                                                           
    Basis for acquisition:       Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       56,288 votes (0.059525% of the total number of votes)     
    acquisition:                                                                           
                                                                                           
    Amount of votes after        59,691 votes (0.063124 % of the total number of votes)    
    acquisition:                                                                           
                                                                                           
    October 9, 2015              Disposal of shares                                        
                                                                                           
    Amount of disposed shares:   178 shares (0.000188 % of the total equity)               
                                                                                           
    Basis for disposal:          Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       59,691 votes (0.063124 % of the total number of votes)    
    disposal:                                                                              
                                                                                           
    Amount of votes after        59,513 votes (0.062936 % of the total number of votes)    
    disposal:                                                                              
                                                                                           
    October 12, 2015             Acquisition of shares                                     
                                                                                           
    Amount of acquired shares:   8,670 shares (0.009169 % of the total equity)             
                                                                                           
    Basis for acquisition:       Sale and Purchase Agreements executed in the trading of   
                                 MICEX Stock Exchange                                      
                                                                                           
    Amount of votes before       59,513 votes (0.062936 % of the total number of votes)    
    acquisition:                                                                           
                                                                                           
    Amount of votes after        68,183 votes (0.072105 % of the total number of votes)    
    acquisition:                                                                           

    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                
                                                                                           
    Media Inquiries                            PR and GR 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 approximately
    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.