PJSC MAGNIT - 4th Coupon Yield Payment

Press-release

Krasnodar

February 25, 2015

PJSC "Magnit" Announces the 4thC oupon Yield Payment

Krasnodar, February 25, 2015: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MOEX and LSE: MGNT), announces the 4th coupon yield payment
against bonds.

Please be informed that on February 24, 2015 PJSC "Magnit" fulfilled its
obligation of the fourth coupon redemption against bonds of the 01 series in
the amount of 211,900,000 rubles.

Parameters of the bond issue:

Type of securities:    Non-convertible interest-bearing certified bonds to the
                       bearer with the obligatory centralized custodyof the 01
                       series

State registration     № 4-01-60525-P as of 27.12.2012
number of the issue of
securities and the
date of its state
registration:

Reporting (coupon)     Fourthcoupon period (26.08.2014- 24.02.2015)
period which the yield
is paid for:

Total amount of the    211,900,000 rubles
interest to be paid
against bonds:

The amount of the      42.38 rubles
interest to be paid
against one bond:

Method of payment:     Monetary funds in the currency of the Russian Federation
                       by means of non-cash settlement

Date of the obligation February24, 2015
fulfillment:

Total amount of the    Following the 1stcoupon period the amount of 211,900,000
interest paid against  rubles was paid. Obligation has beenfulfilled.
bonds following each
reporting (coupon)     Following the 2ndcoupon period the amount of 211,900,000
period:                rubles was paid. Obligation has beenfulfilled.

                       Following the 3rdcoupon period the amount of 211,900,000
                       rubles was paid. Obligation has beenfulfilled.

                       Following the 4thcoupon period the amount of 211,900,000
                       rubles was paid. Obligation has beenfulfilled.

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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts 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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