PJSC MAGNIT - Change of Share

Press-release

Krasnodar

January 23, 2015

PJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, January 23, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces change of share in the charter
capital of PJSC "Magnit" (ordinary shares stake) owned by Sergey Galitskiy and
Khachatur Pombukhchan.

Name and position of the   Sergey Galitskiy, Chief Executive Officer of PJSC
person:                    "Magnit", the member of the PJSC "Magnit" Board of
                           Directors, the chairman of the PJSC "Magnit"
                           Management Board

Company:                   Public joint-stock company "Magnit", 15/5,
                           Solnechnaya street, Krasnodar, Russia

Share in the charter       37.5820%
capital before change:

Ordinary shares stake      37.5820%
before change:

Share in the charter       37.0532%
capital after change:

Ordinary shares stake      37.0532%
after change:

Date of change of share in January 22, 2015
the charter capital:

Date of the fact being     January 23, 2015
reported:

Name and position of the   Khachatur Pombukhchan, the chairman of PJSC "Magnit"
person:                    Board of Directors

Company:                   Publicjoint-stock company "Magnit", 15/5,
                           Solnechnaya street, Krasnodar, Russia

Share in charter capital   0.004241%
before change:

Ordinary shares stake      0.004241%
before change:

Share in charter capital   0.004278%
after change:

Ordinary shares stake      0.004278%
after change:

Date of change of share in January22, 2015
the charter capital:

Date of the fact being     January 23, 2015
reported:

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.