Change of Share

Press-release Krasnodar October 24, 2014 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, October 24, 2014: PJSC "Magnit", Russia's largest food retailer (the"Company", the "Issuer", MICEX 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 October 22, 2014 Acquisition of shares Amount of acquired shares: 8,122 shares (0.008589% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 237,817 votes (0.251495% of the total number ofacquisition: votes) Amount of votes after 245,939 votes (0.260084% of the total number ofacquisition: votes) October 23, 2014 Acquisition of shares Amount of acquired shares: 5,477 shares (0.005792% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 245,939 votes (0.260084% of the total number ofacquisition: votes) Amount of votes after 251,416 votes (0.265876% of the total number ofacquisition: votes) October 23, 2014 Disposal of shares Amount of disposed shares: 15,468 shares (0.016358% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 251,416 votes (0.265876% of the total number ofdisposal: votes) Amount of votes after 235,948 votes (0.249518% 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 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.