PJSC MAGNIT - 1H 2015 Financial Results Publication Date

PR Newswire
London, August 18

Press-release

Krasnodar

August 18, 2015

PJSC "Magnit" Announces the Publication Date of its 1H 2015 Financial Results Prepared in accordance with the IFRS and Reviewed by Auditors

Krasnodar, August 18, 2015: PJSC "Magnit", Russia's largest retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of its 1H 2015 financial results prepared in accordance with the IFRS and reviewed by Auditors.

Please be informed that PJSC "Magnit" plans to release its 1H 2015 financial results prepared in accordance with the IFRS and reviewed by Auditors on Wednesday, August 26, 2015 at 10:00 AM (Moscow time).

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]
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, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 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.