PJSC MAGNIT - 116th "Magnit Family" Store Opening

Press-release

Krasnodar

August 11, 2015

PJSC "Magnit" Announces the Opening of the 116^th "Magnit Family" Store

Krasnodar, August 11, 2015: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 116^th "Magnit Family" store.

Please be informed that today the Company opened its 116^th "Magnit Family" store located at 56Chapaeva street, Petrovsk, Saratov oblast, Volga federal region. Assortment of the store consists of about 8,700 SKUs, out of which about 85% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 9 am to 10 pm.

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]
Media Inquiries	Media Relations Department [e-mail]

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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.