PJSC MAGNIT - Change of Share

Press-release

Krasnodar

April 16, 2015

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

Krasnodar, April 16, 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

April 10, 2015             Disposal of shares

Amount of disposed shares: 600 shares (0.000635% of the total equity)

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

Amount of votes before     52,382 votes (0.055395% of the total number of votes)
disposal:

Amount of votes after      51,782 votes (0.054760% of the total number of votes)
disposal:

April 13, 2015             Acquisition of shares

Amount of acquired shares: 11,800 shares (0.012479% of the total equity)

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

Amount of votes before     51,782 votes (0.054760% of the total number of votes)
acquisition:

Amount of votes after      63,582 votes (0.067239% of the total number of votes)
acquisition:

April 13, 2015             Disposal of shares

Amount of disposed shares: 6,500 shares (0.006874% of the total equity)

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

Amount of votes before     63,582 votes (0.067239% of the total number of votes)
disposal:

Amount of votes after      57,082 votes (0.060365% of the total number of votes)
disposal:

April 14, 2015             Acquisition of shares

Amount of acquired shares: 1,010 shares (0.001068% of the total equity)

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

Amount of votes before     57,082 votes (0.060365% of the total number of votes)
acquisition:

Amount of votes after      58,092 votes (0.061433% of the total number of votes)
acquisition:

April 14, 2015             Disposal of shares

Amount of disposed shares: 2,952 shares (0.003122% of the total equity)

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

Amount of votes before     58,092 votes (0.061433% of the total number of votes)
disposal:

Amount of votes after      55,140 votes (0.058311% of the total number of votes)
disposal:

April 15, 2015             Disposal of shares

Amount of disposed shares: 6,289 shares (0.006651% of the total equity)

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

Amount of votes before     55,140 votes (0.058311% of the total number of votes)
disposal:

Amount of votes after      48,851 votes (0.051661% 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 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.