PJSC MAGNIT - Change of Share

Press-release

Krasnodar

December 29, 2014

PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, December 29, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company", the "Issuer", MICEX and LSE: MGNT), announces the change of
share of the entity which is under the Issuer's control.

Full company name and      joint-stock company "Tander"
address:
                           185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:        2310031475

Principal State            1022301598549
Registration Number:

Object of acquisition:     voting shares of the Issuer

December 23, 2014          Acquisition of shares

Amount of acquired shares: 17,389 shares (0.018389% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     38,662votes (0.040886% of the total number of votes)
acquisition:

Amount of votes after      56,051votes (0.059275% of the total number of votes)
acquisition:

December 23, 2014          Disposal of shares

Amount of disposed shares: 4,022 shares (0.004253% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     56,051 votes (0.059275% of the total number of votes)
disposal:

Amount of votes after      52,029 votes (0.055021% of the total number of votes)
disposal:

December 24, 2014          Acquisition of shares

Amount of acquired shares: 13,950 shares (0.014752% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     52,029 votes (0.055021% of the total number of votes)
acquisition:

Amount of votes after      65,979 votes (0.069774% of the total number of votes)
acquisition:

December 24, 2014          Disposal of shares

Amount of disposed shares: 3,997 shares (0.004227% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     65,979 votes (0.069774% of the total number of votes)
disposal:

Amount of votes after      61,982 votes (0.065547% of the total number of votes)
disposal:

December 25, 2014          Acquisition of shares

Amount of acquired shares: 1,300 shares (0.01375% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     61,982 votes (0.065547% of the total number of votes)
acquisition:

Amount of votes after      63,282 votes (0.066922% of the total number of votes)
acquisition:

December 25, 2014          Disposal of shares

Amount of disposed shares: 1,786 shares (0.001889% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     63,282 votes (0.066922% of the total number of votes)
disposal:

Amount of votes after      61,496 votes (0.065033% of the total number of votes)
disposal:

December 26, 2014          Acquisition of shares

Amount of acquired shares: 3,500 shares (0.003701% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     61,496 votes (0.065033% of the total number of votes)
acquisition:

Amount of votes after      64,996 votes (0.068734% of the total number of votes)
acquisition:

December 26, 2014          Disposal of shares

Amount of disposed shares: 411 shares (0.000435% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     64,996 votes (0.068734% of the total number of votes)
disposal:

Amount of votes after      64,585 votes (0.068300% of the total number of votes)
disposal:

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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
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.