Change of Share

Press-release Krasnodar March 25, 2015 PJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, March 25, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX 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 0.001586%before change: Ordinary shares stake 0.001586%before change: Share in charter capital 0.001644%after change: Ordinary shares stake 0.001644%after change: Date of change of share in March 20, 2015the charter capital: Date of the fact being March 25, 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 (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.