PJSC MAGNIT - Notice of Results

Press-release

Krasnodar

January 19, 2015

PJSC "Magnit" Announces the Publication Date of Unaudited FY 2014 Financial Results Prepared in accordance with the IFRS

Krasnodar, January 19, 2015: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date of
unaudited FY 2014 financial results prepared in accordance with the IFRS.

Please be informed that PJSC "Magnit" plans to release its unaudited FY 2014
financial results prepared in accordance with the IFRS and based on management
accounts on Tuesday, January 27, 2015 at 10:00 AM (Moscow time).

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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (3,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 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.