PJSC MAGNIT - Magnit CEO Sergey Galitskiy named the CEO of the Year

Press-release

Krasnodar

December 12, 2014

Magnit CEO Sergey Galitskiy Has Been Named the CEO of the Year by The Moscow
Times

Krasnodar, December 12, 2014: Sergey Galitskiy, CEO of "Magnit", Russia's
largest retailer (the "Company"; MICEX and LSE: MGNT) has been named the CEO of
the Year by The Moscow Times.

Magnit CEO Sergey Galitskiy became the winner in the CEO of the Year Large
Company category by Moscow Times, for combined performance, and growth,
investment and operating performance.

The Moscow Times newspaper, together with Brainforce, partner for management,
conducted an independent analysis of the major Russian companies with a market
capitalization of more than 3.5 billion rubles and sales of over 100 billion
rubles. The ranking is based on the Swiss Obermatt Ranking Methodology and
presented under the patronage of the Embassy of Switzerland. The results were
used to make the first international ranking of Russian top managers: CEO of
the Year - Russia - 2014.

The CEOs were ranked based on their company performance in the following
categories:

•Operating Performance: Growth of indexed EBITDA (or EBIT, Operating Income)

•Investment Performance: Growth of indexed Total Shareholder Return (TSR)

•Growth Performance: Growth of indexed Sales (or Operating Revenue)

•Combined Performance: Average of indexed EBITDA, indexed TSR and indexed Sales

•Based on audited 2013 results

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.