Change of Share

Press-release Krasnodar November 14, 2014 PJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, November 14, 2014: 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 KhachaturPombukhchan, the chairman of PJSC "Magnit" Board of Directors. Name and position of the Khachatur Pombukhchan, the chairman of PJSC "Magnit"person: Board of Directors Company: Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0.000449%before change: Ordinary shares stake 0.000449%before change: Share in charter capital 0.000476%after change: Ordinary shares stake 0.000476%after change: Date of change of share in November 13, 2014the charter capital: Date of the fact being November 14, 2014reported: 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 September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogeries) in approximately 2,000 citiesand 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.