Change of Share

Press-releaseKrasnodarMarch 27, 2015 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, March 27, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company", the "Issuer", MOEX and LSE: MGNT), announces the change of share ofthe entity which is under the Issuer's control. Full company name and Joint Stock Company "Tander"address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State 1022301598549Registration Number: Object of acquisition: voting shares of the Issuer March 20, 2015 Disposal of shares Amount of disposed shares: 12,938 shares (0.013682% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 140,384 votes (0.148458% of the total number ofdisposal: votes) Amount of votes after 127,446 votes (0.134776% of the total number ofdisposal: votes) March 23, 2015 Disposal of shares Amount of disposed shares: 10,500 shares (0.011104% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 127,446 votes (0.134776% of the total number ofdisposal: votes) Amount of votes after 116,946 votes (0.123672% of the total number ofdisposal: votes) March 24, 2015 Acquisition of shares Amount of acquired shares: 2,000 shares (0.002115% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 116,946 votes (0.123672% of the total number ofacquisition: votes) Amount of votes after 118,946 votes (0.125787% of the total number ofacquisition: votes) March 24, 2015 Disposal of shares Amount of disposed shares: 7,380 shares (0.007804% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 118,946 votes (0.125787% of the total number ofdisposal: votes) Amount of votes after 111,566 votes (0.117983% of the total number ofdisposal: votes) 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 (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 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.