131st "Magnit Family" Store Opening

PJSC MAGNIT - 131st "Magnit Family" Store Opening

PR Newswire

London, October 12

Press-release

Krasnodar

October 12, 2015

PJSC “Magnit” Announces the Opening of the 131st “Magnit Family” Store

Krasnodar, October 12, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 131st “Magnit Family” store.

Please be informed that on October 10, 2015 the Company opened its 131st “Magnit Family” store located at 2p Metallurgov prospekt, Krasnoyarsk, Siberian federal region. Assortment of the store consists of more than 8,200 SKUs, out of which about 89% are food items. There are 13 cash desks installed in the sales area. The outlet is leased 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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 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.