PJSC MAGNIT - Unaudited 1H 2016 Financial Results Publication Date

Press Release

Krasnodar

July 15, 2016

PJSC "Magnit" Announces the Publication Date of its Unaudited 1H 2016 Financial Results Prepared in accordance with the IFRS

Krasnodar, July 15, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of its unaudited 1H 2016 financial results prepared in accordance with the IFRS.

Please be informed that PJSC "Magnit" plans to release its unaudited 1H 2016 financial results prepared in accordance with the IFRS and based on the management accounts on Monday, July 25, 2016 at 10:00 AM (Moscow time).

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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 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.