Change of Share

Press-release Krasnodar December 22, 2014 PJSC "Magnit" Announces the Change of Share in the Charter Capital Krasnodar, December 22, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the change of share in thecharter capital of PJSC "Magnit" (ordinary shares stake) owned by SergeyGalitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC"Magnit" Board of Directors, the chairman of the PJSC "Magnit" ManagementBoard. Name and position of the Sergey Galitskiy, Chief Executive Officer of PJSCperson: "Magnit", the member of the PJSC "Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management Board Company: Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in the charter 38.1371%capital before change: Ordinary shares stake 38.1371%before change: Share in the charter 37.5820%capital after change: Ordinary shares stake 37.5820%after change: Date of change of share in December18, 2014the charter capital: Date of the fact being December22, 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 drogerie stores) in approximately 2,000cities and 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.