PJSC MAGNIT - Change of share

Press-release

Krasnodar

June 11, 2015

PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control

Krasnodar, June 11, 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 address:	Joint Stock Company “Tander” 185, Levanevskogo street, Krasnodar, Russia
Taxpayer Id Number:	2310031475
Principal State Registration Number:	1022301598549
Object of acquisition:	voting shares of the Issuer
June 5, 2015	Acquisition of shares
Amount of acquired shares:	3,526 shares (0.003729% of the total equity)
Basis for acquisition:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition:	100,378 votes (0.106151% of the total number of votes)
Amount of votes after acquisition:	103,904 votes (0.109880% of the total number of votes)
June 5, 2015	Disposal of shares
Amount of disposed shares:	3,674 shares (0.003885% of the total equity)
Basis for disposal:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal:	103,904 votes (0.109880% of the total number of votes)
Amount of votes after disposal:	100,230 votes (0.105995% of the total number of votes)
June 8, 2015	Acquisition of shares
Amount of acquired shares:	6,207 shares (0.006564% of the total equity)
Basis for acquisition:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition:	100,230 votes (0.105995% of the total number of votes)
Amount of votes after acquisition:	106,437 votes (0.112559% of the total number of votes)
June 8, 2015	Disposal of shares
Amount of disposed shares:	6,122 shares (0.006474% of the total equity)
Basis for disposal:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal:	106,437 votes (0.112559% of the total number of votes)
Amount of votes after disposal:	100,315 votes (0.106085% of the total number of votes)
June 9, 2015	Acquisition of shares
Amount of acquired shares:	749 shares (0.000792% of the total equity)
Basis for acquisition:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition:	100,315 votes (0.106085% of the total number of votes)
Amount of votes after acquisition:	101,064 votes (0.106877% of the total number of votes)

   

June 9, 2015	Disposal of shares
Amount of disposed shares:	741 shares (0.000784% of the total equity)
Basis for disposal:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal:	101,064 votes (0.106877% of the total number of votes)
Amount of votes after disposal:	100,323 votes (0.106093% of the total number of votes)

   

June 10, 2015	Acquisition of shares
Amount of acquired shares:	3,601 shares (0.003808% of the total equity)
Basis for acquisition:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition:	100,323 votes (0.106093% of the total number of votes)
Amount of votes after acquisition:	103,924 votes (0.109901% of the total number of votes)

   

June 10, 2015	Disposal of shares
Amount of disposed shares:	3,548 shares (0.003752% of the total equity)
Basis for disposal:	Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal:	103,924 votes (0.109901% of the total number of votes)
Amount of votes after disposal:	100,376 votes (0.106149% of the total number of votes)

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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