Press-release

Krasnodar

June 24, 2015

PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control

Krasnodar, June 24, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer’s control.

Full company name and address: Joint Stock Company “Tander”
185, Levanevskogo street, Krasnodar, Russia
Taxpayer Id Number: 2310031475
Principal State Registration Number: 1022301598549
Object of acquisition: voting shares of the Issuer
June 17, 2015 Disposal of shares
Amount of disposed shares: 276 shares (0.000292% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 89,779 votes (0.094943% of the total number of votes)
Amount of votes after disposal: 89,503 votes (0.094651% of the total number of votes)
June 18, 2015 Disposal of shares
Amount of disposed shares: 15,398 shares (0.016284% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 89,503 votes (0.094651% of the total number of votes)
Amount of votes after disposal: 74,105 votes (0.078367% of the total number of votes)
June 19, 2015 Disposal of shares
Amount of disposed shares: 8,551 shares (0.009043% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 74,105 votes (0.078367% of the total number of votes)
Amount of votes after disposal: 65,554 votes (0.069324% of the total number of votes)
June 22, 2015 Acquisition of shares
Amount of acquired shares: 3,800 shares (0.004019% of the total equity)
Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 65,554 votes (0.069324% of the total number of votes)
Amount of votes after acquisition: 69,354 votes (0.073343% of the total number of votes)
June 22, 2015 Disposal of shares
Amount of disposed shares: 20 shares (0.000021% of the total equity)
Basis for disposal: Repurchase Agreement
Amount of votes before disposal: 69,354 votes (0.073343% of the total number of votes)
Amount of votes after disposal: 69,334 votes (0.073322% of the total number of votes)
June 23, 2015 Acquisition of shares
Amount of acquired shares: 10,520 shares (0.011125% of the total equity)
Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase Agreement
Amount of votes before acquisition: 69,334 votes (0.073322% of the total number of votes)
Amount of votes after acquisition: 79,854 votes (0.084447% of the total number of votes)
June 23, 2015 Disposal of shares
Amount of disposed shares: 117 shares (0.000124% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 79,854 votes (0.084447% of the total number of votes)
Amount of votes after disposal: 79,737 votes (0.084323% of the total number of votes)

For further information, please contact:

Timothy Post Director, Investor Relations
Email: post@magnit.ru
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: Chistyak@magnit.ru
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 is headquartered in the southern Russian city of Krasnodar. As of March 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores (8,581 convenience, 300 hypermarkets and 1,239 drogerie stores) in approximately 2,180 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) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

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