PJSC MAGNIT - Completion of Bonds Placement

PR Newswire
London, May 15

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Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
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not registered and does not intend to register any part of the offering in the
United States or to conduct a public offering of any securities in the United
States.

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who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and
other persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above
together being referred to as "relevant persons"). The securities are only
available to, and any invitation, offer or agreement to subscribe, purchase or
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in that Member State within the meaning of the Prospectus Directive.

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Press-release

Krasnodar

May 15, 2015

PJSC "Magnit" Announces the Completion of Bonds Placement

Krasnodar, May 15, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; the "Issuer", MOEX and LSE: MGNT) announces the completion of the
bonds placement.

Please be informed that today, May 15, 2015, the Issuer completed the placement
of its bonds of the 02, 03 series.

Details of the bonds placement:

Type of securities:      Interest-bearing non-convertible certified bonds of
                         the 02, 03 series to the bearer with the obligatory
                         centralized custody

State registration       4-02-60525-P / 4-03-60525-P as of 27.12.2012
number of the issuance
and date of
registration:

Maturity date:           On the 1092nd day from the date of the placement
                         initiation of the bonds

Registration authority:  FFMS of Russia

Nominal value:           1,000 rubles each

Placement method:        Open subscription

Date of the actual       May 15, 2015
initiation of the
placement:

Date of the actual       May 15, 2015
completion of the
placement:

Amount of the placed     5,000,000 bonds / 5,000,000 bonds
securities:

Share of the placed      100%
securities out of the
total number of
securities subject to
placement:

Actual placement price:  5,000,000 bonds of each series were placed at the
                         price of 1,000 rubles per each bond

Payment method:          5,000,000 bonds of each series were paid for with
                         monetary funds

No major transactions or related-party transactions were executed during the
placement of the bonds.

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.