OJSC MAGNIT - Magnit Executives Included in List of Business Leaders

Press-release

Krasnodar

September 18, 2014

Magnit Executives havebeen Included in the List of Business Leaders and Named the
Best in the Industry

Krasnodar, September 18, 2014: Executives of "Magnit", Russia's largest
retailer (MICEX and LSE: MGNT), have been included in the list of top business
leaders and named the best in the industry as rated by the Russian Managers
Association and Kommersant

"Magnit" CEO Sergey Galitskiy has been included in the list of top business
leaders of ХV "TOP-1000 Russian Managers" ratings for 2014 prepared by the
Russian Managers Association and Kommersant. The list of business leaders
includes businessmen and leading top-managers.

Another three "Magnit" executives are among top five in the industry: Khachatur
Pombukhchan was ranked first in the CFO rating, Oleg Goncharov was ranked first
in the HR Director rating and Marina Ivanova was ranked second in the
Commercial Directors rating.

"TOP-1000 Russian managers" rating of the Russian Managers Association is the
instrument of professional reputation evaluation of the Russian top-managers.
The rating summarizes the year-end results of work and reveals the most
professional managers of Russia.

The rating methodology is based on "the best choose the best" principle:
top-managers evaluate top-managers, functional managers evaluate functional
managers.

Please follow the link below to view "TOP-1000 Russian managers" rating for
2014 in full:

http://www.kommersant.ru/apps/82606

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 17600
                                        Mobile: [phone]
                                        Direct Line: [phone]

Dina Svishcheva                         Deputy Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 15101
                                        Mobile: [phone]
                                        Direct Line: [phone]

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, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) 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.