PJSC MAGNIT - Change of Share

Press-release

Krasnodar

December 23, 2014

PJSC "Magnit"Announces theChangeof Share ofthe Entityunder the Issuer'sC ontrol

Krasnodar, December 23, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company", the "Issuer", MICEX and LSE: MGNT), announces the change of
share of the entity which is under the Issuer's control.

Full company name and      joint-stock company "Tander"
address:
                           185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:        2310031475

Principal State            1022301598549
Registration Number:

Object of acquisition:     voting shares of the Issuer

December 18, 2014          Disposal of shares

Amount of disposed shares: 42,712shares (0.045169% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     268,044votes (0.283460% of the total number of
disposal:                  votes)

Amount of votes after      225,332votes (0.238292% of the total number of
disposal:                  votes)

December 19, 2014          Acquisition of shares

Amount of acquired shares: 15,700 shares (0.016603% of the total equity)

Basis for acquisition:     Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange

Amount of votes before     225,332votes (0.238292% of the total number of
acquisition:               votes)

Amount of votes after      241,032votes (0.254895% of the total number of
acquisition:               votes)

December 19, 2014          Disposal of shares

Amount of disposed shares: 2,587shares (0.002736% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange, Sale and Purchase
                           Agreements(off-exchange)

Amount of votes before     241,032votes (0.254895% of the total number of
disposal:                  votes)

Amount of votes after      238,445votes (0.252159% of the total number of
disposal:                  votes)

December 22, 2014          Disposal of shares

Amount of disposed shares: 199,783shares (0.211273% of the total equity)

Basis for disposal:        Sale and Purchase Agreements executed in the trading
                           of MICEX Stock Exchange, Repurchase Agreement

Amount of votes before     238,445votes (0.252159% of the total number of
disposal:                  votes)

Amount of votes after      38,662votes (0.040886% of the total number of votes)
disposal:

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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