Magnit Opens the 1000th Drogerie Store

Press-release Krasnodar November 28, 2014 PJSC "Magnit" Has Opened the 1000th Drogerie Store Krasnodar, November 28, 2014: PJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT) announces the opening of the 1000th drogeriestore. Please be informed that today the Company opened its 1000th drogerie storelocated at 18/1 Pavshikh Bortsov street, Mishkino village, Kurgan oblast. Thisis the first "Magnit Cosmetic" store in this location. The total space of thestore is 209 sq. m. and its selling space is 170 sq. m. The outlet is leased bythe Company. Population of Mishkino stands at over 8000 people. In this villageMagnit already operates its food convenience store. 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 September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.