PJSC MAGNIT - Change of Share

Press-release

Krasnodar

February 20, 2015

PJSC "Magnit"Announces theChangeof Share ofthe Entityunder the Issuer'sC ontrol

Krasnodar, February 20, 2015: PJSC "Magnit", Russia's largest food retailer
(the "Company", the "Issuer", MOEX and LSE: MGNT), announces the change of
share of the entity which is under the Issuer's control.

Full company name and      JointStock 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

February 19, 2015          Acquisition of shares

Amount of acquired shares: 10,200 shares (0.010787% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     72,321votes (0.076481% of the total number of votes)
acquisition:

Amount of votes after      82,521votes (0.087267% of the total number of votes)
acquisition:

February 19, 2015          Disposal of shares

Amount of disposed shares: 5,407shares (0.005718% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     82,521votes (0.087267% of the total number of votes)
disposal:

Amount of votes after      77,114votes (0.081549% of the total number of votes)
disposal:

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 (8,344
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 unaudited IFRS management accounts for 2014, Magnit had
revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local
shares are traded on the Moscow Stock Exchange (MOEX: 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.