Change of Website

Press-release Krasnodar February 2, 2015 PJSC "Magnit" Has Changed the Official Website for Information Disclosure Krasnodar, February 2, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces the change of the official websitefor information disclosure. Please be informed that the official website used by the Company forinformation disclosure has been changed from http://www.magnit-info.ru tohttp://ir.magnit.com. According to the legislation of the Russian Federation, information will bealso disclosed at http://www.e-disclosure.ru/portal/company.aspx?id=7671. 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 unaudited IFRS management accounts for 2014, Magnit hadrevenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's localshares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs onthe London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard& Poor's of BB. Measured by market capitalization, Magnit is one of the largestretailers in Europe.

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