PJSC MAGNIT - New Hypermarket and "Magnit Family" Stores Opening

Press-release

Krasnodar

October 31 2014

PJSC "Magnit" Announces the Opening of a New Hypermarket and"Magnit Family" Stores

Krasnodar, October 31, 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 today the Company has opened its 179th hypermarket and
71st and 72nd "Magnit Family" stores.

The 179th hypermarket (medium format) is located at Dovatortsev street,
Stavropol, North-Caucasian federal region. Assortment of the hypermarket
consists of more than 17,400 SKUs, out of which about 58% are food items. There
are 23 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 11 pm.

The 71st "Magnit Family" store is located at 175, Gafuri street, Beloretsk,
Republic of Bashkortostan, Volga federal region. Assortment of the store
consists of about 6,000 SKUs, out of which about 89% 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 72nd "Magnit Family" store is located at 26, Mira street ("Orange" shopping
center), Arzamas, Nizhny Novgorod Oblast, Volga federal region. Assortment of
the store consists of more than 8,500 SKUs, out of which about 86% 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 10
pm.

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 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.