Press-release Krasnodar April 15, 2015 PJSC "Magnit" Announces the Publication Date of its Unaudited 1Q 2015Financial Results Prepared in accordance with the IFRS Krasnodar, April 15, 2015: PJSC "Magnit", Russia's largest retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of its unaudited 1Q 2015 financial results prepared in accordance with the IFRS. Please be informed that PJSC "Magnit" plans to release its unaudited 1Q 2015 financial results prepared in accordance with the IFRS and based on management accounts on Wednesday, April 22, 2015 at 10:00 AM (Moscow time). For further information, please contact: Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 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 March 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores (8,581 convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately 2,180 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.