Change of Share

Press-release Krasnodar May 15, 2015 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, May 15, 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 JointStock Company "Tander"address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State 1022301598549Registration Number: Object of acquisition: voting shares of the Issuer May 8, 2015 Acquisition of shares Amount of acquired shares: 12,682 shares (0.013411% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase Agreement Amount of votes before 80,733 votes (0.085376% of the total number of votes)acquisition: Amount of votes after 93,415 votes (0.098788% of the total number of votes)acquisition: May 8, 2015 Disposal of shares Amount of disposed shares: 3,263 shares (0.003451% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 93,415 votes (0.098788% of the total number of votes)disposal: Amount of votes after 90,152 votes (0.095337% of the total number of votes)disposal: May 12, 2015 Acquisition of shares Amount of acquired shares: 7,400 shares (0.007826% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 90,152 votes (0.095337% of the total number of votes)acquisition: Amount of votes after 97,552 votes (0.103163% of the total number of votes)acquisition: May 12, 2015 Disposal of shares Amount of disposed shares: 7,107 shares (0.007516% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 97,552 votes (0.103163% of the total number of votes)disposal: Amount of votes after 90,445 votes (0.095647% of the total number of votes)disposal: May 13, 2015 Disposal of shares Amount of disposed shares: 13,730 shares (0.014520% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 90,445 votes (0.095647% of the total number of votes)disposal: Amount of votes after 76,715 votes (0.081127% of the total number of votes)disposal: 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 March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 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.