5th Coupon Yield Payment

Press-release Krasnodar March 23, 2015 PJSC "Magnit" Announces the 5th Coupon Yield Payment Krasnodar, March 23, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the 5th coupon yield payment againstbonds of BO-07 series. Please be informed that today PJSC "Magnit" fulfilled its obligation of thefifth coupon redemption against bonds of BO-07 series in the amount of221,900,000 rubles. Parameters of the bond issue: Type of securities: Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-07 series with the obligatory centralized custody Identification number № 4В02-07-60525-Р as of 10.08.2011of the securitiesissue and the date ofits assignment: Reporting (coupon) The fifth coupon period (22.09.2014 - 23.03.2015)period which the yieldis paid for: The total amount of 221,900,000 rubles excluding tax and other deductionsthe interest to bepaid against bonds: The amount of the 44.38 rublesinterest to be paidagainst one bond: The total number of 5,000,000 bondsbonds 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 17, 2015 The date of the March 23, 2015obligationfulfillment: The total amount of Following the 5th coupon period the amount ofthe interest paid 221,900,000 rubles was paid excluding tax and otheragainst bonds deductions; 221,591,921 adjusted for taxation.following the Obligation has been fulfilled.reporting period: 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.