PJSC MAGNIT - Change of Share

Press-release

Krasnodar

December 22, 2014

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

Krasnodar, December 22, 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 Sergey
Galitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC
"Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management
Board.

Name and position of the   Sergey Galitskiy, Chief Executive Officer of PJSC
person:                    "Magnit", the member of the PJSC "Magnit" Board of
                           Directors, the chairman of the PJSC "Magnit"
                           Management Board

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

Share in the charter       38.1371%
capital before change:

Ordinary shares stake      38.1371%
before change:

Share in the charter       37.5820%
capital after change:

Ordinary shares stake      37.5820%
after change:

Date of change of share in December18, 2014
the charter capital:

Date of the fact being     December22, 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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