199th Hypermarket Opening

Press-release Krasnodar May 15, 2015 PJSC "Magnit" Announces the Opening of the 199th Hypermarket Krasnodar, May 15, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 199thhypermarket of a medium format. Please be informed that today the Company opened its 199th hypermarket of amedium format located at 15, Cherkasskaya street, Chelyabinsk, Urals federalregion. Assortment of the hypermarket consists of about 21,200 SKUs, out ofwhich about 73% are food items. There are 21 cash desks installed in the salesarea. The outlet is leased by the Company. The hypermarket is open 7 days aweek from 8 am to 23 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 March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 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) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB+. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.