98th "Magnit Family" Store Opening

Press-release Krasnodar February 4, 2015 PJSC "Magnit" Announcesthe Opening ofthe 98th" Magnit Family" Store Krasnodar, February 4, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 98th"Magnit Family" store. Please be informed that today the Company has opened its 98th "Magnit Family"store located at 21, Solnechnaya street ("Arbat" shopping center), Langepas,Khanty-Mansi autonomous district, Urals federal region. Assortment of the storeconsists of about 10,000 SKUs, out of which about 86% are food items. There are13 cash desks installed in the sales area. The outlet is leased by the Company.The store is open 7 days a week from 9 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: +7-861-277-4554 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 (MICEX: MGNT) and its GDRs onthe 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 largestretailers in Europe.