4th Coupon Yield Payment

Press-release Krasnodar March 31, 2015 PJSC "Magnit" Announces the 4th Coupon Yield Payment Krasnodar, March 31, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the 4th coupon yield payment againstbonds. Please be informed that today PJSC "Magnit" fulfilled its obligation of thefourth coupon redemption against bonds of BO-08 / BO-09 series in the amount of209,400,000 rubles / 209,400,000 rubles correspondingly. Parameters of the bond issue: Type of securities: Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-08 / BO-09 series with the obligatory centralized custody Identification numbers № 4В02-08-60525-Р/ № 4В02-09-60525-Рas of 10.08.2011of the securitiesissues and the date oftheir assignment: Reporting (coupon) The fourthcoupon period (30.09.2014 - 31.03.2015)period which the yieldis paid for: The total amount of 209,400,000 rubles/ 209,400,000 rublesexcluding tax andthe interest to be other deductionspaid against bonds: The amount of the 41.88 rubles / 41.88 rubles correspondinglyinterest to be paidagainst one bond: The total number of 5,000,000 bonds / 5,000,000 bonds correspondinglybonds against whichthe yield is paid: The method of payment: Monetary funds in the currency of the Russian Federation by means of non-cash settlement The record date: March 25, 2015 The date of the March 31, 2015obligationfulfillment: The total amount of Following the 4th coupon period the amount of 209,4the interest paid 00,000 rubles/ 209,400,000 rubles correspondingl ywas paidagainst bonds excluding tax and other deductions; 209,400,000 rubles /following the 209,400,000 rubles correspondingly - adjusted for taxationreporting period: . Obligation has been fulfilled. 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 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.