Changes of Share (Management Board Member)

Press-release Krasnodar May 5, 2015 PJSC "Magnit" Announces the Changes of Share of the Management Board Member inthe Charter Capital Krasnodar, May 5, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the changes of share of the PJSC"Magnit" Management Board member in the charter capital. On April 30, 2015 the Company has been notified of the following historicalchanges of share of Alexander Barsukov, the Management Board member, in thecharter capital. Date of change Share in the Share of the Share in the Share of the charter capital ordinary shares charter capital ordinary shares before change before change after change after change July 9, 2014 0,006754% 0,006754% 0,006744% 0,006744% July 10, 2014 0,006744% 0,006744% 0,006733% 0,006733% July 11, 2014 0,006733% 0,006733% 0,006680% 0,006680% July 14, 2014 0,006680% 0,006680% 0,006458% 0,006458% July 15, 2015 0,006458% 0,006458% 0,006008% 0,006008% July 16, 2015 0,006008% 0,006008% 0,005860% 0,005860% July 17, 2015 0,005860% 0,005860% 0,005743% 0,005743% July 25, 2015 0,005743% 0,005743% 0,005638% 0,005638% July 28, 2015 0,005638% 0,005638% 0,005331% 0,005331% August 6, 2014 0,005331% 0,005331% 0,005289% 0,005289% August 11, 2014 0,005289% 0,005289% 0,005238% 0,005238% August 12, 2014 0,005238% 0,005238% 0,004550% 0,004550% August 15, 2014 0,004550% 0,004550% 0,004513% 0,004513% August 18, 2014 0,004513% 0,004513% 0,004101% 0,004101% August 19, 2014 0,004101% 0,004101% 0,003393% 0,003393% August 20, 2014 0,003393% 0,003393% 0,003202% 0,003202% August 21, 2014 0,003202% 0,003202% 0,003181% 0,003181% December 19, 0,003181% 0,003181% 0,001211% 0,001211%2014 December 22, 0,001211% 0,001211% 0,000471% 0,000471%2014 January 16, 0,000471% 0,000471% 0,000423% 0,000423%2015 January 23, 0,000423% 0,000423% 0,00% 0,00%2015 April 1, 2015 0,00% 0,00% 0,000888% 0,000888% April 6, 2015 0,000888% 0,000888% 0,00% 0,00% 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.