PJSC MAGNIT - Change of Share

Press-release

Krasnodar

May 20, 2015

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

Krasnodar, May 20, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer", MOEX 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

May 14, 2015               Acquisition of shares

Amount of acquired shares: 9,000 shares (0.009518% of the total equity)

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

Amount of votes before     76,715 votes (0.081127% of the total number of votes)
acquisition:

Amount of votes after      85,715 votes (0.090645% of the total number of votes)
acquisition:

May 14, 2015               Disposal of shares

Amount of disposed shares: 641shares (0.000678% of the total equity)

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

Amount of votes before     85,715 votes (0.090645% of the total number of votes)
disposal:

Amount of votes after      85,074 votes (0.089967% of the total number of votes)
disposal:

May 15, 2015               Acquisition of shares

Amount of acquired shares: 6,579 shares (0.006957% of the total equity)

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

Amount of votes before     85,074 votes (0.089967% of the total number of votes)
acquisition:

Amount of votes after      91,653 votes (0.096924% of the total number of votes)
acquisition:

May 15, 2015               Disposal of shares

Amount of disposed shares: 208 shares (0.000220% of the total equity)

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

Amount of votes before     91,653 votes (0.096924% of the total number of votes)
disposal:

Amount of votes after      91,445 votes (0.096704% of the total number of
disposal:                  votes)

May 18, 2015               Acquisition of shares

Amount of acquired shares: 655 shares (0.000693% of the total equity)

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

Amount of votes before     91,445 votes (0.096704% of the total number of
acquisition:               votes)

Amount of votes after      92,100 votes (0.097397% of the total number of votes)
acquisition:

May 18, 2015               Disposal of shares

Amount of disposed shares: 8,083 shares (0.008548% of the total equity)

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

Amount of votes before     92,100 votes (0.097397% of the total number of votes)
disposal:

Amount of votes after      84,017 votes (0.088849% 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 March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 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.

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