Magnit PAO : PJSC “Magnit” announces change of share in the charter capital

Press-release Krasnodar January 23, 2015

PJS C "Magn it" Announces Change of Share in the Charter Capital

Krasnodar, January 23, 2015: PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces change of share in the charter capital of PJSC "Magnit" (ordinary shares stake) owned by Sergey Galitskiy and Khachatur Pombukhchan.

Name and position of the person:	Sergey Galitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC "Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management Board
Company:	Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia
Share in the charter capital before change:	37.5820%
Ordinary shares stake before change:	37.5820%
Share in the charter capital after change:	37.0532%
Ordinary shares stake after change:	37.0532%
Date of change of share in the charter capital:	January 22, 2015
Date of the fact being reported:	January 23, 2015
Name and position of the person:	Khachatur Pombukhchan, the chairman of PJSC "Magnit" Board of Directors
Company:	Public joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia
Share in charter capital before change:	0.004241%
Ordinary shares stake before change:	0.004241%
Share in charter capital after change:	0.004278%
Ordinary shares stake after change:	0.004278%
Date of change of share in the charter capital:	January 22, 2015
Date of the fact being reported:	January 23, 2015

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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (3,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately 2,100 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.