New Hypermarket and "Magnit Family" S...

Press-release

Krasnodar

July 21, 2015

PJSC “Magnit” Announces the Opening of a New Hypermarket and a “Magnit Family” Store

Krasnodar, July 21, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and a “Magnit Family” store.

Please be informed that today the Company opened its 203^rd hypermarket and 114^th “Magnit Family” store.

The 203^rd hypermarket (small format) is located at 41, Salmyshskaya street (“Noviy mir” shopping center), Orenburg, Volga federal region. Assortment of the hypermarket consists of about 19,400 SKUs, out of which about 79% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9:00 to 22:00.

The 114^th “Magnit Family” store is located at 1A, Pobedy street, Sochi, Krasnodar krai, Southern federal region. Assortment of the store consists of more than 7,400 SKUs, out of which about 88% are food items. There are 16 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 8:00 to 00:30[1].

For further information, please contact:

Timothy Post	Director, Investor Relations Email: [e-mail] Office: [phone] x 17600 Mobile: [phone] Direct Line: [phone]
Dina Svishcheva	Deputy Director, Investor Relations Email: [e-mail] Office: [phone] x 15101 Mobile: [phone] Direct Line: [phone]

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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 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.

[1] In summer time