New "Magnit Family" Stores Opening

Press-release Krasnodar November 7, 2014 PJSC "Magnit" Announces the Opening of the New "Magnit Family" Stores Krasnodar, November 7, 2014: PJSC "Magnit", Russia's largest retailer (the"Company"; MICEX 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 73rd and 74th "MagnitFamily" stores. The 73rd "Magnit Family" store is located at 103, Stanislavskogo street ("Skif"shopping center), Salsk, Rostov oblast, Southern federal region. Assortment ofthe store consists of about 7,800 SKUs, out of which about 82% are food items.There are 13 cash desks installed in the sales area. The outlet is leased bythe Company. The hypermarket is open 7 days a week from 8 am to 10 pm. The 74th "Magnit Family" store is located at 62, Rokossovskogo street("Volgograd City" shopping center), Volgograd, Southern federal region.Assortment of the store consists of about 6,600 SKUs, out of which about 88%are food items. There are 13 cash desks installed in the sales area. The outletis leased by the Company. The hypermarket is open 7 days a week from 10 am to10 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.