Press-release

    Krasnodar

    January 18, 2016

    PJSC "Magnit" Announces the Publication Date of FY 2015 Unaudited Financial
    Results Prepared in accordance with the IFRS

    Krasnodar, January 18, 2016: PJSC "Magnit", Russia's largest food retailer (the
    "Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of
    its FY 2015 unaudited financial results prepared in accordance with the IFRS
    and based on the management accounts.

    Please be informed that PJSC "Magnit" plans to release its FY 2015 unaudited
    financial results prepared in accordance with the IFRS and based on the
    management accounts on Wednesday, January 27, 2016 at 10:00 AM (Moscow time).

    For further information. please contact:

    Timothy Post                               Head of Investor Relations                  
                                               Email: post@magnit.ru                       
                                               Office: +7-861-277-4554 x 17600             
                                               Mobile: +7-961-511-7678                     
                                               Direct Line: +7-861-277-4562                
                                                                                           
    Investor Relations Office                  MagnitIR@magnit.ru                          
                                               Direct Line: +7-861-277-4562                
                                               Website: ir.magnit.com/                     
                                                                                           
    Media Inquiries                            Media Relations Department                  
                                               press@magnit.ru                             

    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 December 31,
    2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594
    convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and
    towns throughout 7 federal regions of the Russian Federation.

    In accordance with the reviewed IFRS consolidated financial statements for 1H
    2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion.
    Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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.