Change of Share (BoD and Management Board Members)

Press-release Krasnodar April 13, 2015 PJSC "Magnit" Announces the Change of Share of the BoD Members and the Membersof the Management Board in the Charter Capital Krasnodar, April 13, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the change of share of the BoDmembers and the members of the Management Board in the charter capital. On April 13, 2015 the Company has been notified of the following changes ofshare of the BoD members and the members of the Management Board in its chartercapital. Name and Share in the Share of the Share in the Share of the Date of position charter ordinary charter ordinary change capital shares before capital shares after before change change after change change Marina 0,002119% 0,002119% 0,003008% 0,003008% April 1,Ivanova 2015 Member of theManagementBoard Andrey 0,210758% 0,210758% 0,211647% 0,211647% April 1,Arutyunyan 2015 BoD member Khachatur 0,001644% 0,001644% 0,001645% 0,001645% March 23,Pombukhchan 2015 Chairman ofthe BoD Khachatur 0,001645% 0,001645% 0,002534% 0,002534% April 1,Pombukhchan 2015 Chairman ofthe BoD Ilya Sattarov 0,003400% 0,003400% 0,004288% 0,004288% April 1, 2015Member of theManagementBoard Aslan 0,006845% 0,006845% 0,007734% 0,007734% April 1,Shkhachemukov 2015 BoD Member 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.