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

Press-release

Krasnodar

December 24, 2014

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

Krasnodar, December 24, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), announces the change of share of the BoD
members and the members of the Management Board in the charter capital.

On December 24, 2014 the Company has been notified of the following changes of
share of the BoD members and the members of the Management Board in its charter
capital.

  Name and    Share in the  Share of the  Share in the Share of the   Date of
  position       charter      ordinary      charter      ordinary     change
                 capital    shares before   capital    shares after
              before change    change     after change    change

Marina          0,005489%     0,005489%    0,004748%    0,004748%    December
Ivanova                                                              22, 2014

Member of the
Management
Board

Andrey          0,209384%     0,209384%    0,210758%    0,210758%    December
Arutyunyan                                                           16, 2014

BoD member

Khachatur       0,002284%     0,002284%    0,004241%    0,004241%    December
Pombukhchan                                                          16, 2014

Chairman of
the BoD

Alexander       0,00596%      0,00596%     0,007021%    0,007021%    December
Barsukov                                                             16, 2014

Member of the
Management
Board

Alexander       0,007021%     0,007021%    0,006754%    0,006754%    December
Barsukov                                                             22, 2014

Member of the
Management
Board

Ilya Sattarov   0,002025%     0,002025%    0,003400%    0,003400%    December
                                                                     16, 2014
Member of the
Management
Board

Aslan           0,00547%      0,00547%     0,006845%    0,006845%    December
Shkhachemukov                                                        16, 2014

BoD Member

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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