PJSC MAGNIT - 250 Thousand Employees

Press-release

Krasnodar

November 11, 2014

PJSC "Magnit" Announces that the Company's Headcount Has Exceeded 250 Thousand

Krasnodar, November 11, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce that its total
headcount has now exceeded 250 thousand.

Please be informed that the total headcount of PJSC "Magnit" group of companies
has exceeded 250 000, including over 231 000 active employees (about 20 000 are
on maternity leave).

The Company's personnel breakdown is the following:

69.3% - in-store personnel;

21.2% - people engaged in distribution;

6.3% - people in regional branches;

3.2% - employed by the Head Office.

PJSC "Magnit" is the largest private employer in Russia.

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.