PJSC MAGNIT - Magnit Opens the 8000th Convenience Store

Press-release

Krasnodar

October 30, 2014

PJSC "Magnit" Has Opened the 8000th Convenience Store

Krasnodar, October 30, 2014: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT) announces the opening of the 8000th convenience
store.

Please be informed that today the Company opened its 8000th convenience store
located at 29a Svobody street, Chukhloma, Kostroma oblast. This is the first
"Magnit" store in this town where population is about 5000 people. The total
space of the store is 477 sq. m. and its selling space is 351 sq. m. The outlet
is owned by the Company.

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.

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