PJSC MAGNIT - Material Fact

Press-release

Krasnodar

October 31, 2014

PJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's
Control

Krasnodar, October 31, 2014: PJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer", MICEX and LSE: MGNT), announces the disposal of shares
by 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 disposal:        voting shares of the Issuer

Date of disposal:          October 29, 2014

Amount of disposed shares: 7,287 shares (0.007706% of the total equity)

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

Amount of votes before     216,457 votes (0.228906% of the total number of
disposal:                  votes)

Amount of votes after      209,170 votes (0.221200% of the total number of
disposal:                  votes)

Date of disposal:          October 30, 2014

Amount of disposed shares: 8,523 shares (0.009013% of the total equity)

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

Amount of votes before     209,170 votes (0.221200% of the total number of
disposal:                  votes)

Amount of votes after      200,647 votes (0.212187% of the total number of
disposal:                  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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogeries) 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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