2000th Drogerie Store Opening

PJSC MAGNIT - 2000th Drogerie Store Opening

PR Newswire

London, November 30

Press-release

Krasnodar

November 30, 2015

PJSC “Magnit” Has Opened the 2,000th Drogerie Store

Krasnodar, November 30, 2015: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces the opening of the 2,000th drogerie store.

Please be informed that today the Company opened its 2,000th drogerie store located at 19 Komsomolskaya street, Kargapolye village, Kurgan oblast. This is the first "Magnit Cosmetic" store in this location. The total space of the store is 277 sq. m. and its selling space is 212 sq. m. The outlet is leased by the Company. Population of Kargapolye village stands at over 8,400 people. In this village Magnit already operates one food convenience store.

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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 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.