Press-release

    Krasnodar

    September 4, 2015

    PJSC "Magnit" Announces the Change of Share of the BoD and the Management Board
    Members in the Charter Capital

    Krasnodar, September 4, 2015: PJSC "Magnit", Russia's largest food retailer
    (the "Company"; MOEX and LSE: MGNT), announces the change of share of the BoD
    and the Management Board members in the charter capital.

    On September 4, 2015 the Company was notified of the following changes of share
    of the BoD and the Management Board members in its charter capital.

      Name and position    Share in the charter    Share of the ordinary   Share in the charter  Share of the ordinary    Date of change   
                           capital before change   shares before change    capital after change   shares after change                      
                                                                                                                                           
    Ilya Sattarov                0,003399%               0,003399%              0,003398%              0,003398%         September 1, 2015 
    Member of the                                                                                                                          
    Management Board                                                                                                                       
                                                                                                                                           
    Ilya Sattarov                0,003398%               0,003398%              0,002870%              0,002870%         September 3, 2015 
    Member of the                                                                                                                          
    Management Board                                                                                                                       
                                                                                                                                           
    Marina Ivanova               0,002115%               0,002115%              0,002134%              0,002134%         September 2, 2015 
    Member of the                                                                                                                          
    Management Board                                                                                                                       
                                                                                                                                           
    Aslan Shkhachemukov            0,00%                   0,00%                 0,00017%               0,00017%          August 28, 2015  
    BoD Member                                                                                                                             
                                                                                                                                           
    Aslan Shkhachemukov          0,00017%                0,00017%                 0,00%                  0,00%            August 31, 2015  
    BoD Member                                                                                                                             
                                                                                                                                           
    Aslan Shkhachemukov            0,00%                   0,00%                 0,00602%               0,00602%         September 1, 2015 
    BoD Member                                                                                                                             
                                                                                                                                           
    Aslan Shkhachemukov          0,00602%                0,00602%                0,00601%               0,00601%         September 2, 2015 
    BoD Member                                                                                                                             

    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 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 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.