PJSC MAGNIT - Change of Share

Press-release
Krasnodar
March 27, 2015

PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, March 27, 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      Joint Stock 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

March 20, 2015             Disposal of shares

Amount of disposed shares: 12,938 shares (0.013682% of the total equity)

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

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

Amount of votes after      127,446 votes (0.134776% of the total number of
disposal:                  votes)

March 23, 2015             Disposal of shares

Amount of disposed shares: 10,500 shares (0.011104% of the total equity)

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

Amount of votes before     127,446 votes (0.134776% of the total number of
disposal:                  votes)

Amount of votes after      116,946 votes (0.123672% of the total number of
disposal:                  votes)

March 24, 2015             Acquisition of shares

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

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

Amount of votes before     116,946 votes (0.123672% of the total number of
acquisition:               votes)

Amount of votes after      118,946 votes (0.125787% of the total number of
acquisition:               votes)

March 24, 2015             Disposal of shares

Amount of disposed shares: 7,380 shares (0.007804% of the total equity)

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

Amount of votes before     118,946 votes (0.125787% of the total number of
disposal:                  votes)

Amount of votes after      111,566 votes (0.117983% 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 audited IFRS consolidated financial statements 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.