PJSC MAGNIT - 180th Hypermarket Opening

Press-release

Krasnodar

November 17, 2014

PJSC "Magnit" Announcesthe Opening of the 180th Hypermarket

Krasnodar, November 17, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
180th hypermarket of a small format.

Please be informed that on November 15, 2014 the Company opened its 180th
hypermarket of a small format located at 5, Babaevskaya street, Kumertau,
Republic of Bashkortostan, Volga federal region. Assortment of the hypermarket
consists of more than 9,400 SKUs, out of which about 70% are food items. There
are 15 cash desks installed in the sales area. The outlet is owned by the
Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. 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 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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