PJSC MAGNIT - New "Magnit Family" Stores Opening

Press-release

Krasnodar

December 16, 2014

PJSC "Magnit" Announcesthe Opening oftheNew "Magnit Family"Stores

Krasnodar, December 16, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
new "Magnit Family" stores.

Please be informed that today the Company has opened its 84th and 85th "Magnit
Family" stores.

The 84th "Magnit Family" store is located at 6, Kommunisticheskaya street,
Togliatti, Samara oblast, Volga federal region. Assortment of the store
consists of more than 7,600 SKUs, out of which about 88% are food items. There
are 9 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 85th "Magnit Family" store is located at 45/4, Krasnaya street, Yeysk,
Krasnodar krai, Southern federal region. Assortment of the store consists of
more than 7,000 SKUs, out of which about 92% are food items. There are 13 cash
desks installed in the sales area. The outlet is leased by the Company. The
store is open 7 days a week from 8 am to 11 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.