196th Hypermarket Opening

Press-release Krasnodar March 18, 2015 PJSC "Magnit" Announcesthe Opening ofthe 196th Hypermarket Krasnodar, March 18, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 196thhypermarket of a small format. Please be informed that today the Company opened its 196th hypermarket of asmall format located at 35 Bebelya street, Yekaterinburg, Urals federal region.Assortment of the hypermarket consists of more than 11,500 SKUs, out of whichabout 79% are food items. There are 15 cash desks installed in the sales area.The outlet is leased by the Company. The hypermarket is open 7 days a week from9 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: +7-861-277-45-54 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.