Magnit : Announces 6.91% Retail Sales Growth in Rubles for December 20161

Press Release Krasnodar January 10, 2017 Magnit Announces 6.91% Retail Sales Growth in Rubles for December 20161 Krasnodar, Russia (January 10, 2017): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces 6.91% retail sales growth in rubles for December 2016.

During December 2016 the Company opened (net) 245 stores. The total store base reached 14,059 stores (10,521 convenience stores, 237 hypermarkets, 194 "Magnit Family" stores and 3,107 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 12M 2016 increased by 12.81% in ruble terms (compared to 12M 2015) and stood at 1,069,205.85 million rubles.

December 2016	December 2015	Growth Rate
Number of opened stores, NET	245	164	n/a
convenience stores	128	69	n/a
hypermarkets	7	2	n/a
magnit family	9	17	n/a
drogerie stores	101	76	n/a

Total number of stores	14,059	12,089	n/a
convenience stores	10,521	9,594	n/a
hypermarkets	237	219	n/a
magnit family	194	155	n/a
drogerie stores	3,107	2,121	n/a

Selling space, eop, th. sq. m.	5,067.67	4,413.72	14.82%
convenience stores	3,452.40	3,119.56	10.67%
hypermarkets	683.67	639.14	6.97%
magnit family	212.76	170.18	25.02%
drogerie stores	718.84	484.84	48.26%

Selling space growth, th. sq. m.	98.39	68.63	n/a
convenience stores	43.50	24.11	n/a
hypermarkets	20.77	9.04	n/a
magnit family	10.44	17.83	n/a
drogerie stores	23.68	17.65	n/a

Number of customers, million	340.76	326.15	4.48%
convenience stores	281.87	271.14	3.96%
hypermarkets	23.50	26.61	(11.69)%
magnit family	11.86	11.41	3.91%
drogerie stores	23.53	16.99	38.51%

Net retail sales, million RUR	108,966.00	101,922.70	6.91%
convenience stores	78,020.88	71,908.81	8.50%
hypermarkets	16,704.25	18,505.93	(9.74)%
magnit family	6,126.72	5,844.09	4.84%
drogerie stores	8,114.15	5,663.87	43.26%

Net retail sales, million US$2	1,751.85	1,462.72	19.77%
convenience stores	1,254.34	1,031.98	21.55%
hypermarkets	268.55	265.58	1.12%
magnit family	98.50	83.87	17.44%
drogerie stores	130.45	81.28	60.49%

4Q 2016	4Q 2015	Growth Rate	12М 2016	12М 2015	Growth Rate
Number of opened stores, NET	695	701	n/a	1,970	2,378	n/a
convenience stores	383	348	n/a	927	1,250	n/a
hypermarkets	9	11	n/a	18	29	n/a
magnit family	15	28	n/a	39	58	n/a
drogerie stores	288	314	n/a	986	1,041	n/a

Total number of stores	14,059	12,089	n/a	14,059	12,089	n/a
convenience stores	10,521	9,594	n/a	10,521	9,594	n/a
hypermarkets	237	219	n/a	237	219	n/a
magnit family	194	155	n/a	194	155	n/a
drogerie stores	3,107	2,121	n/a	3,107	2,121	n/a

Selling space, eop, th. sq. m.	5,067.67	4,413.72	14.82%	5,067.67	4,413.72	14.82%
convenience stores	3,452.40	3,119.56	10.67%	3,452.40	3,119.56	10.67%
hypermarkets	683.67	639.14	6.97%	683.67	639.14	6.97%
magnit family	212.76	170.18	25.02%	212.76	170.18	25.02%
drogerie stores	718.84	484.84	48.26%	718.84	484.84	48.26%

Selling space growth, th. sq. m.	242.28	258.73	n/a	653.95	823.08	n/a
convenience stores	132.60	122.26	n/a	332.84	446.25	n/a
hypermarkets	24.30	34.18	n/a	44.53	80.05	n/a
magnit family	16.45	30.36	n/a	42.58	61.11	n/a
drogerie stores	68.93	71.92	n/a	234.00	235.67	n/a

Number of customers, million	966.69	895.82	7.91%	3,817.13	3,376.86	13.04%
convenience stores	809.30	754.72	7.23%	3,220.10	2,874.00	12.04%
hypermarkets	64.05	68.76	(6.86)%	262.10	263.05	(0.36)%
magnit family	32.60	29.08	12.10%	127.00	100.30	26.62%
drogerie stores	60.74	43.26	40.39%	207.93	139.51	49.04%

Net retail sales, million RUR	282,464.71	259,152.76	9.00%	1,069,205.85	947,800.99	12.81%
convenience stores	207,440.08	188,929.34	9.80%	790,157.07	701,274.95	12.67%
hypermarkets	40,394.25	43,310.51	(6.73)%	157,688.53	161,578.67	(2.41)%
magnit family	15,161.85	13,509.11	12.23%	56,910.82	44,825.31	26.96%
drogerie stores	19,468.53	13,403.80	45.25%	64,449.43	40,122.06	60.63%

Net retail sales, million US$3	4,478.70	3,929.93	13.96%	15,949.99	15,548.45	2.58%
convenience stores	3,289.12	2,865.02	14.80%	11,787.25	11,504.25	2.46%
hypermarkets	640.48	656.78	(2.48)%	2,352.33	2,650.66	(11.25)%
magnit family	240.40	204.86	17.35%	848.97	735.35	15.45%
drogerie stores	308.69	203.26	51.87%	961.43	658.19	46.07%

Formats	4Q 2016 - 4Q 20154
	# of Stores	Average Ticket	Traffic	Sales
Convenience Stores	9,020	1.99%	(0.68)%	1.30%
Hypermarkets	214	1.00%	(12.23)%	(11.35)%
Magnit Family	133	0.06%	(9.79)%	(9.74)%
Drogeries	1,967	3.91%	0.37%	4.29%
Total	11,334	0.56%	(1.84)%	(1.30)%

Formats	12M 2016 - 12M 20154
	# of Stores	Average Ticket	Traffic	Sales
Convenience Stores	8,663	0.32%	2.05%	2.38%
Hypermarkets	211	(0.85)%	(9.32)%	(10.09)%
Magnit Family	133	(1.08)%	(6.04)%	(7.05)%
Drogeries	1,911	7.55%	(2.50)%	4.87%
Total	10,918	(0.90)%	0.65%	(0.26)%

For further information, please contact:

Timothy Post	Head of Investor Relations Email: [e-mail] Office: [phone] x 17600
Investor Relations Office	[e-mail] Direct Line: [phone] Website: http://ir.magnit.com/
Media Inquiries	Media Relations Department [e-mail]

Company description:

Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2016, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,495 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow 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.