New Hypermarkets and "Magnit Family" Stores Opening

Press-release Krasnodar December 25, 2014 PJSC "Magnit" Announces the Opening of the New Hypermarkets and "Magnit Family"Stores Krasnodar, December 25, 2014: PJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the newhypermarkets and "Magnit Family" stores. Please be informed that today the Company has opened its 187th and 188thhypermarkets as well as its 94th and 95th "Magnit Family" stores. The 187th hypermarket (medium format) is located at 188, Pavlovsky tract("Arena" shopping center), Barnaul, Siberia federal region. Assortment of thehypermarket consists of about 22,900 SKUs, out of which about 65% are fooditems. There are 23 cash desks installed in the sales area. The outlet isleased by the Company. The hypermarket is open 7 days a week from 9 am to 11pm. The 188th hypermarket (small format) is located at 11, Kaslinskaya street,Chelyabinsk, Urals federal region. Assortment of the hypermarket consists ofmore than 11,600 SKUs, out of which about 81% are food items. There are 19 cashdesks installed in the sales area. The outlet is leased by the Company. Thehypermarket is open 7 days a week from 9 am to 11 pm. The 94th "Magnit Family" store is located at 1, Gaidara street, Mednogorsk,Orenburg oblast, Volga federal region. Assortment of the store consists of morethan 9,000 SKUs, out of which about 85% are food items. There are 13 cash desksinstalled in the sales area. The outlet is leased by the Company. Thehypermarket is open 7 days a week from 9 am to 11 pm. The 95th "Magnit Family" store is located at 4B, Pionerskaya street, Volzhsky,Volgograd oblast, Southern federal region. Assortment of the store consists ofabout 7,200 SKUs, out of which about 93% are food items. There are 13 cashdesks installed in the sales area. The outlet is owned by the Company. Thehypermarket is open 7 days a week from 9 am to 10:30 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 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.