PJSC MAGNIT - Magnit Has Topped INFOLine Retail Russia Top-100 Rating

Press Release

Krasnodar

October 8, 2015

"Magnit" Has Topped the INFOLine Retail Russia Top-100 Rating

Krasnodar, October 8, 2015: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), has topped the "INFOLine Retail Russia Top-100" rating.

Please be informed that "Magnit" retail chain has strengthened its #1 leadership position among the Russian retailers in 2014 and 2015 and was ranked 1^st in the "INFOLine Retail Russia Top-100" rating by INFOLine information agency.

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	PR and GR 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 reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.