S. Galitskiy named Businessman of the Year 2014 by GQ

Press-release Krasnodar September 17, 2014 Magnit CEO Sergey Galitskiy Has Been Named Businessman of the Year 2014 by GQ Krasnodar, September 17, 2014: Sergey Galitskiy, CEO of "Magnit", Russia'slargest food retailer (MICEX and LSE: MGNT) has been named Businessman of theYear 2014 by GQ. Magnit CEO Sergey Galitskiy has been named "Businessman of the Year 2014" bythe Russian edition of GQ magazine at the annual GQ Men Of The Year Awards. According to GQ, Sergey Galitskiy founded Russia's largest retail chain,"Magnit", and the most interesting Football Club, "FC Krasnodar". 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 June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 citiesand 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.