Press-release

Krasnodar

April 27, 2015

PJSC "Magnit" Announces the Execution of the Related Party Transaction

Krasnodar, April 27, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer"; MOEX and LSE: MGNT), announces the execution of the
transaction on April 24, 2015.

Type of transaction: related party transaction

Subject of transaction:

Provision by the Issuer of the guarantee under the Сredit agreement №013P3L on
opening of the revolving credit line in Russian rubles of April 29, 2014
(hereinafter - "the Credit agreement") executed between Joint Stock Company
"ALFA-BANK" (hereinafter - "the Creditor") and JSC "Tander" (hereinafter - "the
Borrower")

Content of transaction:

In accordance with the guarantee agreement № 013P3P001 of April 24, 2015 the
guarantor shall be solidarily liable to the Creditor for the proper fulfillment
of obligations of the Borrower under the Credit agreement executed on the
following terms:

1. the Creditor shall provide the Borrower with monetary funds in Russian
rubles (hereafter - "the Credits") in the form of the revolving credit line
(hereafter - "the Credit line"), and the Borrower shall repay the Credits and
pay the interest for the Credits use, and make other payments under the Credit
agreement for the benefit of the Creditor pursuant to the procedure and within
the time limit established by the Credit agreement;

2. within the Credit line the Borrower shall be entitled to receive Credits,
the maximum amount of aggregate debt on which on any day of the term of the
Credit line comprises not more than 9,500,000,000 (Nine billion five hundred
million) rubles ("the Credit limit");

3. the term of the Credit line is set from 29.04.2014 to 24.04.2017. After the
expiration of the term of the Credit line the Credits shall not be provided to
the Borrower;

4. the Credits shall be provided under the concluded additional agreements to
the Credit agreement. The Credit currency shall be Russian rubles. The Borrower
shall repay all received Credits no later than the date of expiration of the
term of the Credit line (inclusive);

5. the Credits within the term of the Credit line shall be provided for not
more than 36 (Thirty six) months;

6. the Borrower shall pay to the Creditor the interest for the use of each
Credit at the rate established by the corresponding additional agreement but
not exceeding 25 (Twenty five) percent per annum;

7. the terms and procedure of granting and repayment of the Credit amounts
(including the amount of any type of remuneration paid by the Borrower to the
Creditor) shall be determined by the Credit agreement;

8. the Credit agreement shall remain in force until the parties fully fulfill
their obligations under the Credit agreement;

9. The Borrower shall incur the following liability under the Credit agreement:

- in case of the late repayment of the Credits the Creditor shall be entitled
to charge the Borrower a penalty in the amount of 0.10% of the amount of
outstanding obligations per each overdue day, but not lower than the dual
refinancing rate effective on the day for which the penalty is charged;

- in case of the late payment of interest the Creditor shall be entitled to
charge the Borrower a penalty in the amount of 0.10% of the amount of
outstanding obligations per each overdue day, but not lower than the dual
refinancing rate effective on the day for which the penalty is charged;

- in case of breach by the Borrower of obligations for maintenance of the
credit turnover under the terms and conditions of the Credit agreement, the
Creditor shall be entitled to demand from the Borrower to pay a penalty in the
amount of 0.20% of the amount of outstanding obligations for maintenance of the
credit turnover, determined by the Creditor as the difference between the
amount of the credit turnover for the corresponding accounting period and the
actual amount of the credit turnover for the same accounting period;

- if the Borrower is not entitled for the advanced repayment of the Credit
(Credits) upon the advanced repayment of the Credit (in full or in part) at the
initiative of the Borrower, the Creditor shall be entitled to demand from the
Borrower to pay a penalty the amount of which shall be calculated on the basis
of the interest rate, applicable to the corresponding Credit as of the date of
the advanced repayment at the initiative of the Borrower, accrued on the amount
of the Credit repaid, for the period from the date of the advanced repayment to
the date, specified in the corresponding agreement, on which the Credit shall
have been repaid, and/or to the date, on which the Borrower shall be entitled
for the advanced repayment of the Credit, including this date.

In case if nonfulfillment by the Guarantor of any of the secured obligations
within 7 (Seven) business days from the moment of receiving the demand from the
Creditor to the Guarantor, the Creditor shall be entitled to charge the
Guarantor a penalty in the amount of 0.10% of the amount of outstanding
obligations per each overdue day, but not lower than the dual refinancing rate
of the Bank of Russia effective on the day for which the penalty is charged.

The Guarantor shall be fully liable to the Creditor for the non-fulfillment or
improper fulfillment of obligations by the Borrower under the Credit agreement,
including the principal amount of debt, interest, penalties, losses caused to
the Creditor by the non-fulfillment or improper fulfillment of the Credit
agreement.

The guarantee agreement shall secure the fulfillment of obligations by the
Borrower in case of invalidity of the Credit agreement, fixed by the valid
judgment, on repayment of monetary funds received by the Borrower for the
benefit of the Creditor, and on payment of interest for the use of another's
monetary funds charged on the amount of unreasonable gains of the Borrower.

Deadline for the fulfillment of the obligation:

The guarantee terminates in 1 (one) year from the date of closing of the Credit
line or upon the termination of the secured obligations

Parties and beneficiaries under transaction:

The creditor - Joint Stock Company "ALFA-BANK"

The guarantor - Public Joint Stock Company "Magnit"

The borrower (beneficiary) - Joint Stock Company "Tander"

The amount of the transaction in the monetary value and as a % of the asset
value of the issuer:

16,598,972,603.00 rubles which amounts to 21.017% of the balance sheet assets
of the issuer

Asset value of the issuer as of the closing date of the accounting period
preceding the execution of the transaction:

78,978,786 thousand rubles

Date of the transaction execution: April 24, 2015

Information on the approval of the transaction:

The transaction was approved by the General Shareholders Meeting of December
18, 2014 (the minutes of the General Shareholders Meeting of PJSC "Magnit" w/o
№ of December 23, 2014)

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 March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 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.