PJSC MAGNIT - Change of Share

PR Newswire
London, May 12

Press-release

Krasnodar

May 12, 2015

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

Krasnodar, May 12, 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

May 6, 2015                Acquisition of shares

Amount of acquired shares: 3,981 shares (0.004210% of the total equity)

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

Amount of votes before     73,910 votes (0.078161% of the total number of votes)
acquisition:

Amount of votes after      77,891 votes (0.082371% of the total number of votes)
acquisition:

May 6, 2015                Disposal of shares

Amount of disposed shares: 1,087 shares (0.001150% of the total equity)

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

Amount of votes before     77,891 votes (0.082371% of the total number of votes)
disposal:

Amount of votes after      76,804 votes (0.081221% of the total number of votes)
disposal:

May 7, 2015                Acquisition of shares

Amount of acquired shares: 16,500 shares (0.017449% of the total equity)

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

Amount of votes before     76,804 votes (0.081221% of the total number of votes)
acquisition:

Amount of votes after      93,304 votes (0.098670% of the total number of votes)
acquisition:

May 7, 2015                Disposal of shares

Amount of disposed shares: 12,571 shares (0.013294% of the total equity)

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

Amount of votes before     93,304 votes (0.098670% of the total number of votes)
disposal:

Amount of votes after      80,733 votes (0.085376% 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.