PJSC MAGNIT - Change of Share (BoD and Management Board Members)

Press-release

Krasnodar

December 5, 2014

PJSC "Magnit" Announces the Change of Share of the BoD Member and the Member of
the Management Board in the Charter Capital

Krasnodar, December 5, 2014: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the change of share in the charter
capital of PJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, the
member of the PJSC "Magnit" Management Board, and Andrey Arutyunyan, the member
of the PJSC "Magnit" Board of Directors.

Name and position of the   Marina Ivanova, the member of the PJSC "Magnit"
person:                    Management Board

Company:                   Publicjoint-stock company "Magnit", 15/5,
                           Solnechnaya street, Krasnodar, Russia

Share in charter capital   0.003420%
before change:

Ordinary shares stake      0.003420%
before change:

Share in charter capital   0.005197%
after change:

Ordinary shares stake      0.005197%
after change:

Date of change of share in November 26, 2014
the charter capital:

Date of the fact being     December 5, 2014
reported:

Name and position of the    Andrey Arutyunyan, the member of the PJSC "Magnit"
person:                     Boardof Directors

Company:                    Publicjoint-stock company "Magnit", 15/5,
                            Solnechnaya street, Krasnodar, Russia

Share in charter capital    0.207607%
before change:

Ordinary shares stake       0.207607%
before change:

Share in charter capital    0.209384%
after change:

Ordinary shares stake after 0.209384%
change:

Date of change of share in  November 26, 2014
the charter capital:

Date of the fact being      December 5, 2014
reported:

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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