Dividend Payment Update

Press-release Krasnodar March 18, 2015 PJSC "Magnit" Dividend Payment Update Krasnodar, March 18, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the payment of dividends. Please be informed that the Company has made dividend payment on its sharesfollowing the results of the 9 months of 2014 financial year. Type of securities: ordinary registered shares State registration number of the issue: 1-01-60525-P as of 04.03.2004 Total amount of dividends accrued on shares 14,379, 945,254.85 rublesfollowing the results of the 9 months of 2014financial year: Amount of dividend accrued on one share following 152.07 rublesthe results of the 9 months of 2014 financial year: Total number of the issuer's securities 94,561,355 shares Form of yield payment: monetary funds in the currency of the Russian Federationby bank transfer Dividend record date: December 30, 2014 Dividend payment date for nominees: January 22, 2015 Dividend payment date for the other shareholders February 12, 2015registered in the shareholder register: The Company has effected dividend payment in the amount of 14,379,929,135.43rubles, out of which 26,460.18 rubles were returned as of March 18, 2015 due tothe absence of the accurate bank account details and/ or another creditor'sdelay. The outstanding dividend amount is 16,119.42 rubles which represents 0.000112%of the total amount of the announced dividends. Nonpayment is due to theabsence of the bank account details required for the payment. 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.