Change of Share

Press-release Krasnodar January 23, 2015 PJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, January 23, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces change of share in the chartercapital of PJSC "Magnit" (ordinary shares stake) owned by Sergey Galitskiy andKhachatur Pombukhchan. Name and position of the Sergey Galitskiy, Chief Executive Officer of PJSCperson: "Magnit", the member of the PJSC "Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management Board Company: Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in the charter 37.5820%capital before change: Ordinary shares stake 37.5820%before change: Share in the charter 37.0532%capital after change: Ordinary shares stake 37.0532%after change: Date of change of share in January 22, 2015the charter capital: Date of the fact being January 23, 2015reported: Name and position of the Khachatur Pombukhchan, the chairman of PJSC "Magnit"person: Board of Directors Company: Publicjoint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0.004241%before change: Ordinary shares stake 0.004241%before change: Share in charter capital 0.004278%after change: Ordinary shares stake 0.004278%after change: Date of change of share in January22, 2015the charter capital: Date of the fact being January 23, 2015reported: 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 (3,344convenience, 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 reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.