Press-release Krasnodar December 12, 2014 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, December 12, 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 December 10, 2014 Acquisition of shares Amount of acquired shares: 20,100 shares (0.021256% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 219,527 votes (0.232153% of the total number of acquisition: votes) Amount of votes after 239,627 votes (0.253409% of the total number of acquisition: votes) December 10, 2014 Disposal of shares Amount of disposed shares: 3,658 shares (0.003868% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Sale and Purchase Agreements (off-exchange) Amount of votes before 239,627 votes (0.253409% of the total number of disposal: votes) Amount of votes after 235,969 votes (0.249541% of the total number of disposal: votes) December 11, 2014 Acquisition of shares Amount of acquired shares: 14,230 shares (0.015048% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 235,969 votes (0.249541% of the total number of acquisition: votes) Amount of votes after 250,199 votes (0.264589% of the total number of acquisition: votes) December 11, 2014 Disposal of shares Amount of disposed shares: 2,400 shares (0.002538% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 250,199 votes (0.264589% of the total number of disposal: votes) Amount of votes after 247,799 votes (0.262051% 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 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.