PJSC MAGNIT - New "Magnit Family" Stores Opening

Press-release

Krasnodar

December 11, 2014

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

Krasnodar, December 11, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
new "Magnit Family" stores.

Please be informed that today the Company has opened its 81st and 82nd "Magnit
Family" stores.

The 81st "Magnit Family" store is located at 90, Neftyanikov street, Otradny,
Samara oblast, Volga federal region. Assortment of the store consists of more
than 6,800 SKUs, out of which about 86% 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 pm.

The 82nd "Magnit Family" store is located at 1B, Vysokovoltnaya street ("Noviy
rynok" shopping center), Skopin, Ryazan oblast, Central federal region.
Assortment of the store consists of more than 4,500 SKUs, out of which about
77% 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 10 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.

Copyright r 11 PR Newswire