Correction : Change of Share

In this press-release the Share in the charter capital of PJSC “Magnit" ownedby Sergey Galitskiy after change and Ordinary shares stake after change havebeen corrected from 36.5245% to 36.4927%. Press-release Krasnodar February 13, 2015 PJSC "Magnit" Announces the Change of Share in the Charter Capital Krasnodar, February 13, 2015: PJSC "Magnit", Russia's largest food retailer(the "Company"; MOEX 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 37.0532%capital before change: Ordinary shares stake 37.0532%before change: Share in the charter 36.4927%capital after change: Ordinary shares stake 36.4927%after change: Date of change of share in February 3, 2015the charter capital: Date of the fact being February 13, 2015reported: 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 (MOEX: MGNT) and its GDRs on theLondon 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.