PJSC MAGNIT - New Hypermarkets and "Magnit Family" Stores Opening

Press-release

Krasnodar

December 25, 2014

PJSC "Magnit" Announces the Opening of the New Hypermarkets and "Magnit Family"
Stores

Krasnodar, December 25, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the new
hypermarkets and "Magnit Family" stores.

Please be informed that today the Company has opened its 187th and 188th
hypermarkets as well as its 94th and 95th "Magnit Family" stores.

The 187th hypermarket (medium format) is located at 188, Pavlovsky tract
("Arena" shopping center), Barnaul, Siberia federal region. Assortment of the
hypermarket consists of about 22,900 SKUs, out of which about 65% are food
items. There are 23 cash desks installed in the sales area. The outlet is
leased by the Company. The hypermarket is open 7 days a week from 9 am to 11
pm.

The 188th hypermarket (small format) is located at 11, Kaslinskaya street,
Chelyabinsk, Urals federal region. Assortment of the hypermarket consists of
more than 11,600 SKUs, out of which about 81% are food items. There are 19 cash
desks installed in the sales area. The outlet is leased by the Company. The
hypermarket is open 7 days a week from 9 am to 11 pm.

The 94th "Magnit Family" store is located at 1, Gaidara street, Mednogorsk,
Orenburg oblast, Volga federal region. Assortment of the store consists of more
than 9,000 SKUs, out of which about 85% are food items. There are 13 cash desks
installed in the sales area. The outlet is leased by the Company. The
hypermarket is open 7 days a week from 9 am to 11 pm.

The 95th "Magnit Family" store is located at 4B, Pionerskaya street, Volzhsky,
Volgograd oblast, Southern federal region. Assortment of the store consists of
about 7,200 SKUs, out of which about 93% 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 10:30 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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