Change of Share

Press-release Krasnodar January 21, 2015 PJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, January 21, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces the change of share in the chartercapital of PJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, themember of the PJSC "Magnit" Management Board, from 0.003691% to 0.003441%. Name and position of the Marina Ivanova, the member of the PJSC "Magnit"person: Management Board Company: Publicjoint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital before 0.003691%change: Ordinary shares stake before 0.003691%change: Share in charter capital after 0.003441%change: Ordinary shares stake after 0.003441%change: Date of change of share in the January 20, 2015charter capital: Date of the fact being January 21, 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.