Registration of Changes to Resolution and to Prospectus

Press-release Krasnodar December 30, 2014 PJSC "Magnit" Filed the Application for the Registration of Changes to theResolution Authorizing the Issuance of Bonds and to the Prospectus Krasnodar, December 30, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company", the "Issuer", MICEX and LSE: MGNT), filed the application forthe registration of changes to the Resolution authorizing the issuance of bondsand to the Prospectus. Please be informed that on December 29, 2014 the Issuer filed the applicationfor the registration of changes to the Resolution authorizing the issuance ofthe non-convertible interest-bearing certified bonds of the 02, 03 series tothe bearer with the obligatory centralized custody placed in the form of publicsubscription eligible for anticipated repayment at the request of holders andat the discretion of the Issuer (the "Resolution), as well as to the Prospectuswith the Bank of Russia. The decision to change (approve) the Resolution and the Prospectus was approvedby the Board of Directors of PJSC "Magnit" on December 15, 2014 (Minutes w/oNo. of 15.12.2014). 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.