PJSC MAGNIT - Change of Share

Press-release

Krasnodar

April 1, 2015

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

Krasnodar, April 1, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX 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 0.003441% to 0.002119%.

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

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

Share in charter capital before 0.003441%
change:

Ordinary shares stake before    0.003441%
change:

Share in charter capital after  0.002119%
change:

Ordinary shares stake after     0.002119%
change:

Date of change of share in the  March 26 , 2015
charter capital:

Date of the fact being          April 1, 2015
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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
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 audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.
Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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 il 1 PR Newswire