Change of Share

Press-release Krasnodar April 16, 2015 PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, April 16, 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 April 10, 2015 Disposal of shares Amount of disposed shares: 600 shares (0.000635% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 52,382 votes (0.055395% of the total number of votes)disposal: Amount of votes after 51,782 votes (0.054760% of the total number of votes)disposal: April 13, 2015 Acquisition of shares Amount of acquired shares: 11,800 shares (0.012479% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 51,782 votes (0.054760% of the total number of votes)acquisition: Amount of votes after 63,582 votes (0.067239% of the total number of votes)acquisition: April 13, 2015 Disposal of shares Amount of disposed shares: 6,500 shares (0.006874% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 63,582 votes (0.067239% of the total number of votes)disposal: Amount of votes after 57,082 votes (0.060365% of the total number of votes)disposal: April 14, 2015 Acquisition of shares Amount of acquired shares: 1,010 shares (0.001068% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 57,082 votes (0.060365% of the total number of votes)acquisition: Amount of votes after 58,092 votes (0.061433% of the total number of votes)acquisition: April 14, 2015 Disposal of shares Amount of disposed shares: 2,952 shares (0.003122% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 58,092 votes (0.061433% of the total number of votes)disposal: Amount of votes after 55,140 votes (0.058311% of the total number of votes)disposal: April 15, 2015 Disposal of shares Amount of disposed shares: 6,289 shares (0.006651% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 55,140 votes (0.058311% of the total number of votes)disposal: Amount of votes after 48,851 votes (0.051661% 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.