"Magnit Family" Stores Opening

Press-release Krasnodar March 26, 2015 PJSC "Magnit" Announces the Opening of the New "Magnit Family" Stores Krasnodar, March 26, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the new"Magnit Family" stores. Please be informed that today the Company has opened its 101st and 102nd"Magnit Family" stores. The 101st "Magnit Family" store is located at 331-333, Rossiyskaya street("Izumrudny gorod" shopping center), Krasnodar, Southern federal region.Assortment of the store consists of more than 8,200 SKUs, out of which about87% are food items. There are 10 cash desks installed in the sales area. Theoutlet is leased by the Company. The hypermarket is open 7 days a week from9 am to 11 pm. The 102nd "Magnit Family" store is located at 50, Kommunisticheskaya street("Parma" shopping center), Syktyvkar, Komi Republic, North-Western federalregion. Assortment of the store consists of about 7,400 SKUs, out of whichabout 89% are food items. There are 13 cash desks installed in the sales area.The outlet is leased by the Company. The store is open 7 days a week from 8 amto 11 pm. 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.