Press-release Krasnodar October 15, 2014 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, October 15, 2014: PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share of 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 1022301598549 Registration Number: Object of acquisition: voting shares of the Issuer October 10, 2014 Acquisition of shares Amount of acquired shares: 15,705 shares (0.016608% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 218,448 votes (0.231012% of the total number of acquisition: votes) Amount of votes after 234,153 votes (0.247620% of the total number of acquisition: votes) October 10, 2014 Disposal of shares Amount of disposed shares: 159,828 shares (0.169020% of the total equity) Basis for disposal: Repurchase Agreement Amount of votes before 234,153 votes (0.247620% of the total number of disposal: votes) Amount of votes after 74,325 votes (0.078600% of the total number of votes) disposal: October 13, 2014 Disposal of shares Amount of disposed shares: 18,187 shares (0.019233% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 74,325 votes (0.078600% of the total number of votes) disposal: Amount of votes after 56,138 votes (0.059367% of the total number of votes) disposal: October 13, 2014 Acquisition of shares Amount of acquired shares: 142,996 shares (0.151220% of the total equity) Basis for acquisition: Repurchase Agreement Amount of votes before 56,138 votes (0.059367% of the total number of votes) acquisition: Amount of votes after 199,134 votes (0.210587% of the total number of acquisition: votes) October 14, 2014 Acquisition of shares Amount of acquired shares: 2,997 shares (0.003169% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 199,134 votes (0.210587% of the total number of acquisition: votes) Amount of votes after 202,131 votes (0.213756% of the total number of acquisition: votes) October 14, 2014 Disposal of shares Amount of disposed shares: 2,965 shares (0.003136% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 202,131 votes (0.213756% of the total number of disposal: votes) Amount of votes after 199,166 votes (0.210621% of the total number of disposal: 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 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 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.