PJSC MAGNIT - Disposal of Shares

Press-release

Krasnodar

April 7, 2015

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

Krasnodar, April 7, 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      Joint Stock 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:          April 1, 2015

Amount of disposed shares: 18,014 shares (0.019050% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange; Sale and Purchase
                           Agreements (off-exchange)

Amount of votes before     103,429 votes (0.109378% of the total number of
disposal:                  votes)

Amount of votes after      85,415 votes (0.090328% of the total number of
disposal:                  votes)

Date of disposal:          April 2, 2015

Amount of disposed shares: 1,300 shares (0.001375% of the total equity)

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

Amount of votes before     85,415 votes (0.090328% of the total number of
disposal:                  votes)

Amount of votes after      84,115 votes (0.088953% of the total number of
disposal:                  votes)

Date of disposal:          April 3, 2015

Amount of disposed shares: 10,176 shares (0.010761% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange; Sale and Purchase
                           Agreements (off-exchange)

Amount of votes before     84,115 votes (0.088953% of the total number of
disposal:                  votes)

Amount of votes after      73,939 votes (0.078192% of the total number of
disposal:                  votes)

Date of disposal:          April 6, 2015

Amount of disposed shares: 10,929 shares (0.011558% of the total equity)

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

Amount of votes before     73,939 votes (0.078192% of the total number of
disposal:                  votes)

Amount of votes after      63,010 votes (0.066634% 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.