PJSC MAGNIT - Change of Share

Press-release

Krasnodar

December 17, 2014

PJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, December 17, 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, from 0.005197% to
0.006017%.

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

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

Share in charter capital before 0.005197%
change:

Ordinary shares stake before    0.005197%
change:

Share in charter capital after  0.006017%
change:

Ordinary shares stake after     0.006017%
change:

Date of change of share in the  December 16, 2014
charter capital:

Date of the fact being          December 17, 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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