Placement Notice filed with the Bank of Russia

Not for release, publication or distribution in Australia, Canada, Japan or theUnited States. These materials are not an offer for sale of securities in the United States.Securities may not be offered or sold in the United States absent registrationwith the United States Securities and Exchange Commission or an exemption fromregistration under the U.S. Securities Act of 1933, as amended. PJSC Magnit hasnot registered and does not intend to register any part of the offering in theUnited States or to conduct a public offering of any securities in the UnitedStates. This document is only being distributed to and is only directed at (i) personswho are outside the United Kingdom or (ii) to investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the "Order") or (iii) high net worth companies, andother persons to whom it may lawfully be communicated, falling within Article49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) abovetogether being referred to as "relevant persons"). The securities are onlyavailable to, and any invitation, offer or agreement to subscribe, purchase orotherwise acquire such securities will be engaged in only with, relevantpersons. Any person who is not a relevant person should not act or rely on thisdocument or any of its contents. In any EEA Member State that has implemented Directive 2003/71/EC (suchDirective, together with any applicable implementing measures in the relevanthome Member State under such Directive, the "Prospectus Directive") thiscommunication is only addressed to and is only directed at qualified investorsin that Member State within the meaning of the Prospectus Directive. Securities of PJSC Magnit have not been and will not be registered under theapplicable securities laws of Australia, Canada or Japan and, subject tocertain exceptions, may not be offered or sold within Australia, Canada orJapan or to, or for the account or benefit of, citizens or residents ofAustralia, Canada or Japan except under circumstances which will result in thefull compliance with the applicable laws and regulations promulgated by therelevant regulatory authorities in effect at the relevant time. Press-release Krasnodar May 22, 2015 PJSC "Magnit" Filed the Placement Notice with the Bank of Russia Krasnodar, May 22, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; the "Issuer", MICEX and LSE: MGNT) filed the notice on the resultsof bonds issuance (the "Placement Notice") with the Bank of Russia. Please be informed that today, on May 22, 2015, PJSC "Magnit" filed thePlacement Notice with the Bank of Russia. Type of securities: Interest-bearing non-convertible certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody State registration 4-02-60525-P / 4-03-60525-P as of 27.12.2012number of the issue anddate of registration: Maturity date: On the 1092nd day from the date of the placement initiation of the bonds Registration The FFMSauthoritywhich effectedthe state registrationof the securities issue: Amount of securities to 5,000,000 bonds/ 5,000,000 bondsbe placed: Nominal value: 1,000 rubles each Placement method: Open subscription Share of the placed 100%securities out of thetotal number ofsecurities subject toplacement: Placement May 15, 2015commencingdate: Placement completion May 15, 2015date: Date of filing of the May 22, 2015Placement Notice Stock Exchange: ClosedJoint-Stock Company "MICEX Stock Exchange" The prospectus of securities was registered on the date of the stateregistration of the issue of securities - Bonds. The copy of the Placement Notice filed with the FFMS can be obtained at thefollowing address: 15/5 Solnechnaya street, Krasnodar, the Russian Federation.Tel: (861) 277-45-54; fax: (861) 277-45-54. The webpage rendered by one of the providers of information disclosure on thesecurities market: http://www.e-disclosure.ru/portal/company.aspx?id=7671 The Issuer's website: http://ir.magnit.com/en/ 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 March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB+. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.