PJSC MAGNIT - New Hypermarket and "Magnit Family" Store Opening

Press-release

Krasnodar

December 23, 2014

PJSC "Magnit" Announces the Opening of a New Hypermarket anda "Magnit Family" Store

Krasnodar, December 23, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and a "Magnit Family" store.

Please be informed that today the Company has opened its 186th hypermarket and
93rd "Magnit Family" store.

The 186th hypermarket (small format) is located at 174, 40-letiya Pobedy
street, Krasnodar, Southern federal region. Assortment of the hypermarket
consists of about 13,600 SKUs, out of which about 73% are food items. There are
19 cash desks installed in the sales area. The outlet is owned by the Company.
The hypermarket is open 7 days a week from 9 am to 11 pm.

The 93rd "Magnit Family" store is located at 67/1, Sovetskaya street, Belebey,
Republic of Tatarstan, Volga federal region. Assortment of the store consists
of about 7,100 SKUs, out of which about 87% are food items. There are 13 cash
desks installed in the sales area. The outlet is owned by the Company. The
hypermarket is open 7 days a week from 9 am to 11 pm.

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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