Press-release

    Krasnodar

    September 27, 2016

    Magnit Announces the Disposal of Shares by the Entity under the Issuer's
    Control

    Krasnodar, Russia (September 27, 2016): Magnit PJSC, one of Russia's leading
    retailers (the "Company", the "Issuer", MOEX and LSE: MGNT), announces the
    disposal of shares by 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:       Ordinary registered uncertified voting shares with a state
                                 registration No. 1-01-60525-P of 04.03.2004, International
                                 Securities Identification Number (ISIN) RU000A0JKQU8      
                                                                                           
                                 Disposal of shares                                        
                                                                                           
    Date of change:              September 23, 2016                                        
                                                                                           
    Amount of acquired shares:   7,052 shares (0.007458% of the total equity)              
                                                                                           
    Basis for acquisition:       Sale and Purchase Agreement executed in the trading of    
                                 Closed Joint Stock Company «MICEX Stock Exchange»         
                                                                                           
    Amount of votes before       15,534 votes (0.016427% of the total number of votes)     
    disposal:                                                                              
                                                                                           
    Amount of votes after        8,482 votes (0.008970% of the total number of votes)      
    disposal:                                                                              
                                                                                           

    For further information, please contact:

    Timothy Post                               Head of Investor Relations                  
                                               Email: post@magnit.ru                       
                                               Office: +7-861-277-4554 x 17600             
                                               Mobile: +7-961-511-7678                     
                                               Direct Line: +7-861-277-4562                
                                                                                           
    Investor Relations Office                  MagnitIR@magnit.ru                          
                                               Direct Line: +7-861-277-4562                
                                               Website: ir.magnit.com/                     
                                                                                           
    Media Inquiries                            Media Relations Department                  
                                               press@magnit.ru                             

    Company description:

    Public Joint Stock Company "Magnit" is one of Russia's leading retailers.
    Founded in 1994, the company is headquartered in the southern Russian city of
    Krasnodar. As of June 30, 2016, Magnit operated 34 distribution centers and
    12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores)
    in 2,397 cities and towns throughout 7 federal regions of the Russian
    Federation.

    In accordance with the reviewed IFRS consolidated financial statements for 1H
    2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion.
    Magnit's local shares are traded on the Moscow 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.