113rd "Magnit Family" Store Opening

PJSC MAGNIT - 113rd "Magnit Family" Store Opening

PR Newswire

London, July 13

Press-release

Krasnodar

July 13, 2015

PJSC “Magnit” Announces the Opening of the 113rd “Magnit Family” Store

Krasnodar, July 13, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 113rd “Magnit Family” store.

Please be informed that on July 12, 2015 the Company opened its 113rd “Magnit Family” store located at 61 Proletarskaya street, Novodvinsk, Arkhangelsk oblast, North-Western federal region. Assortment of the store consists of about 9,000 SKUs, out of which about 89% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 9 am to 11 pm.

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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.