FY 2015 Unaudited Financial Results Publication Date

PJSC MAGNIT - FY 2015 Unaudited Financial Results Publication Date

PR Newswire

London, January 18

Press-release

Krasnodar

January 18, 2016

PJSC “Magnit” Announces the Publication Date of FY 2015 Unaudited Financial Results Prepared in accordance with the IFRS

Krasnodar, January 18, 2016: PJSC “Magnit”, Russia's largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the publication date of its FY 2015 unaudited financial results prepared in accordance with the IFRS and based on the management accounts.

Please be informed that PJSC "Magnit" plans to release its FY 2015 unaudited financial results prepared in accordance with the IFRS and based on the management accounts on Wednesday, January 27, 2016 at 10:00 AM (Moscow time).

For further information. please contact:

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the 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 largest retailers in Europe.