PJSC MAGNIT - Disposal of Shares

Press-release

Krasnodar

March 24, 2015

PJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's
Control

Krasnodar, March 24, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer", MOEX and LSE: MGNT), announces the disposal of shares
by 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 disposal:        voting shares of the Issuer

Date of disposal:          March 18, 2015

Amount of disposed shares: 3,077 shares (0.003254% of the total equity)

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

Amount of votes before     145,461 votes (0.153827% of the total number of
disposal:                  votes)

Amount of votes after      142,384 votes (0.150573% of the total number of
disposal:                  votes)

Date of disposal:          March 19, 2015

Amount of disposed shares: 2,000 shares (0.002115% of the total equity)

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

Amount of votes before     142,384 votes (0.150573% of the total number of
disposal:                  votes)

Amount of votes after      140,384 votes (0.148458% of the total number of
disposal:                  votes)

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.