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PJSC MAGNIT - New Hypermarket and "Magnit Family" Store Opening

Press-release

Krasnodar

July 25, 2016

PJSC "Magnit" Announces the Opening of New Hypermarkets and "Magnit Family" Stores

Krasnodar, July 25, 2016: PJSC "PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of new hypermarkets and "Magnit Family" stores.

The 229th hypermarket (small format) is located at 137 Mendeleeva street, Ufa, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of about 14 200 SKUs, out of which about 74% are food items. There are 19 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 10 am to 10 pm.

The 172th "Magnit Family" store is located at 25 70 Let Oktyabrya street, building 1, Omsk, Siberian federal region. Assortment of the store consists of more than 9 300 SKUs, out of which about 83% are food items. There are 15 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 11 pm.

The 230th hypermarket (small format) is located at 103 Frunze prospekt, Tomsk, Siberian federal region. Assortment of the store consists of more than 11 300 SKUs, out of which about 80% are food items. There are 12 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 8 am to 11 pm.

The 173rd "Magnit Family" store is located at 33 Mira street, Kostroma, Central federal region. Assortment of the store consists of about 7 300 SKUs, out of which about 86% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 8 am to 10:30 pm.

The 174th "Magnit Family" store is located at 72/1 Proletarskaya street, Irbit, Sverdlovsk oblast, Urals federal region. Assortment of the store consists of about 7 500 SKUs, out of which about 82% 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 22 pm.

For further information, please contact:

Timothy PostHead of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Investor Relations OfficeMagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: ir.magnit.com/
Media InquiriesMedia Relations Department
press@magnit.ru

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 unaudited IFRS management accounts for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.

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© 2016 PR Newswire
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