PJSC MAGNIT - Change of Share

Press-release

Krasnodar

January 13, 2015

PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, January 13, 2015: 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

January 5, 2015            Disposal of shares

Amount of disposed shares: 20,752 shares (0.021946% of the total equity)

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

Amount of votes before     60,726 votes (0.064219% of the total number of votes)
disposal:

Amount of votes after      39,974 votes (0.042273% of the total number of votes)
disposal:

January 6, 2015            Acquisition of shares

Amount of acquired shares: 11,200 shares (0.011844% of the total equity)

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

Amount of votes before     39,974 votes (0.042273% of the total number of votes)
acquisition:

Amount of votes after      51,174 votes (0.054117% of the total number of votes)
acquisition:

January 6, 2015            Disposal of shares

Amount of disposed shares: 2,647 shares (0.002799% of the total equity)

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

Amount of votes before     51,174 votes (0.054117% of the total number of votes)
disposal:

Amount of votes after      48,527 votes (0.051318% of the total number of votes)
disposal:

January 9, 2015            Disposal of shares

Amount of disposed shares: 7,892 shares (0.008346% of the total equity)

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

Amount of votes before     48,527 votes (0.051318% of the total number of votes)
disposal:

Amount of votes after      40,635 votes (0.042972% 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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (3,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 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.

Copyright y 13 PR Newswire