100th "Magnit Family" Store Opening

Press-release Krasnodar March 23, 2015 PJSC "Magnit" Announcesthe Opening ofthe 100th" Magnit Family" Store Krasnodar, March 23, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 100th"Magnit Family" store. Please be informed that on March 21, 2015 the Company has opened its 100th"Magnit Family" store located at 17, Danilova street, Vyborg, Leningrad oblast,North-Western federal region. Assortment of the store consists of about 7,400SKUs, out of which about 92% are food items. There are 13 cash desks installedin the sales area. The outlet is leased by the Company. The store is open 7days a week from 8 am to 11 pm. For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 2014, Magnit hadrevenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's localshares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on theLondon 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 largestretailers in Europe.