January 2015 Results

Press-release Krasnodar February 10, 2015 PJSC "Magnit" Announces 35.33% Retail Sales Growth in Rubles forJanuary201 5 Krasnodar, February 10, 2015: PJSC "Magnit", Russia's largest food retailer(the "Company"; MOEX and LSE: MGNT) announces 35.33% retail sales growth inrubles for January 2015. During January 2015 the Company opened (net) 77 stores. The total store basereached 9,788 stores (8,388 convenience stores, 190 hypermarkets, 97 "MagnitFamily" stores and 1,113 drogerie stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in January2015 increased by 35.33% in ruble terms (compared to January 2014) and stood at69,918.76 million rubles. According to Rosstat food inflation in January 2015 amounted to 5.7% comparedto 1.0% in January 2014. January 2015 Key Operating and Financial Highlights: January 2015 January 2014 Growth Rate Number of opened stores, NET 77 36 n/a convenience stores 44 34 n/a hypermarkets 0 0 n/a magnit family 0 0 n/a drogerie stores 33 2 n/a Total number of stores 9,788 8,129 n/a convenience stores 8,388 7,234 n/a hypermarkets 190 161 n/a magnit family 97 46 n/a drogerie stores 1,113 688 n/a Selling space growth, th. sq.m. 21.32 8.17 n/a convenience stores 14.08 7.55 n/a hypermarkets 0 0 n/a magnit family 0 0 n/a drogerie stores 7.24 0.63 n/a Selling space, eop, th. sq. m. 3,611.96 3,019.55 19.62% convenience stores 2,687.39 2,319.74 15.85% hypermarkets 559.09 482.88 15.78% magnit family 109.07 53.26 104.78% drogerie stores 256.41 163.67 56.67% Net retail sales, million RUR 69,918.76 51,665.46 35.33% convenience stores 52,543.21 40,083.96 31.08% hypermarkets 12,218.90 9,075.66 34.63% magnit family 3,035.52 1,342.40 126.13% drogerie stores 2,121.13 1,163.45 82.31% Net retail sales, million US$ 1,129.96 1,543.88 (26.81%) convenience stores 849.15 1,197.80 (29.11)% hypermarkets 197.47 271.20 (27.19%) magnit family 49.06 40.11 22.29% drogerie stores 34.28 34.77 (1.40%) 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. According to management accounts Based on the average exchange rate for January 2015 - 61.8773 RUB per 1 USD,January 2014 - 33.4647 RUB per 1 USD