PJSC MAGNIT - Change of Share

PR Newswire
London, May 22

Press-release

Krasnodar

May 22, 2015

PJSC "Magnit" Announces the Change of Share in the Charter Capital

Krasnodar, May 22, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT), announces change of share in the charter
capital of PJSC "Magnit" (ordinary shares stake) owned by Khachatur
Pombukhchan, the chairman of PJSC "Magnit" Board of Directors.

Name and position of the   Khachatur Pombukhchan, the chairman of PJSC "Magnit"
person:                    Board of Directors

Company:                   Public Joint Stock Company "Magnit", 15/5, Solnechnaya
                           street, Krasnodar, Russia

Share in charter capital   0.002560%
before change:

Ordinary shares stake      0.002560%
before change:

Share in charter capital   0.002591%
after change:

Ordinary shares stake      0.002591%
after change:

Date of change of share in May 21, 2015
the charter capital:

Date of the fact being     May 22, 2015
reported:

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 March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 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.