PJSC MAGNIT - 159th "Magnit Family" Store Opening

Press-release

Krasnodar

April 18, 2016

PJSC "Magnit" Announces the Opening of the 159^th "Magnit Family" Store

Krasnodar, April 18, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 159^th "Magnit Family" store.

Please be informed that on April 16, 2016 the Company opened its 159^th "Magnit Family" store located at 15 Sutyagina street, Kopeysk ("Ural" shopping center), Chelyabinsk oblast, Urals federal region. Assortment of the store consists of about 7,300 SKUs, out of which about 90% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 10 pm.

For further information, please contact:

Timothy Post	Head of Investor Relations Email: [e-mail] Office: [phone] x 17600 Mobile: [phone] Direct Line: [phone]
Investor Relations Office	[e-mail] Direct Line: [phone] Website: ir.magnit.com/
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 March 31, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.