Press-release

Krasnodar

December 22, 2014

PJSC "Magnit" Announcesthe Opening ofa NewHypermarket and"Magnit Family"Store s

Krasnodar, December 22, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and "Magnit Family" stores.

Please be informed that on December 20, 2014 the Company has opened its 89th
"Magnit Family" store.

The 89th "Magnit Family" store is located at Gafiatullina street, Bugulma,
Republic of Tatarstan, Volga federal region. Assortment of the store consists
of more than 8,500 SKUs, out of which about 90% are food items. There are 13
cash desks installed in the sales area. The outlet is owned by the Company. The
hypermarket is open 7 days a week from 9 am to 10 pm.

On December 21, 2014 the Company has opened its 90th and 91st "Magnit Family"
stores.

The 90th "Magnit Family" store is located at 28, 40 let Pobedy street,
Togliatti, Samara oblast, Volga federal region. Assortment of the store
consists of more than 7,400 SKUs, out of which about 93% are food items. There
are 13 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.

The 91st "Magnit Family" store is located at 3, Bolshaya Filevskaya street,
Moscow, Central federal region. Assortment of the store consists of more than
9,100 SKUs, out of which about 89% are food items. There are 12 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.

On December 22, 2014 the Company has opened its 92nd "Magnit Family" store and
185th hypermarket.

The 92nd "Magnit Family" store is located at 16/2, Industrialnoye shosse,
Sibay, Republic of Bashkortostan, Volga federal region. Assortment of the store
consists of about 7,400 SKUs, out of which about 91% are food items. There are
11 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.

The 185th hypermarket (small format) is located at Kurchatova street ("Kosmos"
shopping center), Volgograd, Southern federal region. Assortment of the
hypermarket consists of more than 12,800 SKUs, out of which about 86% are food
items. There are 14 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 10:30
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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
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.