Press-release-Acquisition-Disposal-Sep1-eng

Press-release Krasnodar September 1, 2015

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

Krasnodar, September 1, 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 address: Joint Stock Company 'Tander'

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number: 2310031475
Principal State Registration Number: 1022301598549
Object of acquisition: voting shares of the Issuer
August 27, 2015 Disposal of shares
Amount of disposed shares: 1,121 shares (0.001185% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 69,839 votes (0.073856% of the total number of votes)
Amount of votes after disposal: 68,718 votes (0.072670% of the total number of votes)
August 28, 2015 Acquisition of shares
Amount of acquired shares: 6,331 shares (0.006695% of the total equity)
Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 68,718 votes (0.072670% of the total number of votes)
Amount of votes after acquisition: 75,049 votes (0.079365% of the total number of votes)
August 28, 2015 Disposal of shares
Amount of disposed shares: 3,451 shares (0.003649% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 75,049 votes (0.079365% of the total number of votes)
Amount of votes after disposal: 71,598 votes (0.075716% of the total number of votes)
August 31, 2015 Disposal of shares
Amount of disposed shares: 2,804 shares (0.002965% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 71,598 votes (0.075716% of the total number of votes)
Amount of votes after disposal: 68,794 votes (0.072751% of the total number of votes)

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.

distributed by