PJSC MAGNIT - Change of Share

PR Newswire
London, May 15

Press-release

Krasnodar

May 15, 2015

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

Krasnodar, May 15, 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      JointStock 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 8, 2015                Acquisition of shares

Amount of acquired shares: 12,682 shares (0.013411% of the total equity)

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

Amount of votes before     80,733 votes (0.085376% of the total number of votes)
acquisition:

Amount of votes after      93,415 votes (0.098788% of the total number of votes)
acquisition:

May 8, 2015                Disposal of shares

Amount of disposed shares: 3,263 shares (0.003451% of the total equity)

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

Amount of votes before     93,415 votes (0.098788% of the total number of votes)
disposal:

Amount of votes after      90,152 votes (0.095337% of the total number of votes)
disposal:

May 12, 2015               Acquisition of shares

Amount of acquired shares: 7,400 shares (0.007826% of the total equity)

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

Amount of votes before     90,152 votes (0.095337% of the total number of votes)
acquisition:

Amount of votes after      97,552 votes (0.103163% of the total number of votes)
acquisition:

May 12, 2015               Disposal of shares

Amount of disposed shares: 7,107 shares (0.007516% of the total equity)

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

Amount of votes before     97,552 votes (0.103163% of the total number of votes)
disposal:

Amount of votes after      90,445 votes (0.095647% of the total number of votes)
disposal:

May 13, 2015               Disposal of shares

Amount of disposed shares: 13,730 shares (0.014520% of the total equity)

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

Amount of votes before     90,445 votes (0.095647% of the total number of votes)
disposal:

Amount of votes after      76,715 votes (0.081127% 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.