PJSC MAGNIT - Magnit Opens the 1000th Drogerie Store

Press-release

Krasnodar

November 28, 2014

PJSC "Magnit" Has Opened the 1000th Drogerie Store

Krasnodar, November 28, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT) announces the opening of the 1000th drogerie
store.

Please be informed that today the Company opened its 1000th drogerie store
located at 18/1 Pavshikh Bortsov street, Mishkino village, Kurgan oblast. This
is the first "Magnit Cosmetic" store in this location. The total space of the
store is 209 sq. m. and its selling space is 170 sq. m. The outlet is leased by
the Company. Population of Mishkino stands at over 8000 people. In this village
Magnit already operates its food convenience store.

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.

Copyright r 28 PR Newswire