Press-release

Krasnodar

March 31, 2015

PJSC "Magnit" Announces the Opening of the 104th "Magnit Family" Store

Krasnodar, March 31, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 104th
"Magnit Family" store.

Please be informed that today the Company has opened its 104th "Magnit Family"
store located at 2, Gogolya street, Sterlitamak, Republic of Bashkortostan,
Volga federal region. Assortment of the store consists of more than 9,700 SKUs,
out of which about 83% are food items. There are 13 cash desks installed in the
sales area. The outlet is leased by the Company. The store is open 7 days a
week from 9 am to 11 pm.

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: post@magnit.ru
                                        Office: +7-861-277-4554 x 17600
                                        Mobile: +7-961-511-7678
                                        Direct Line: +7-861-277-4562

Dina Svishcheva                         Deputy Director, Investor Relations
                                        Email: Chistyak@magnit.ru
                                        Office: +7-861-277-4554 x 15101
                                        Mobile: +7-961-511-0202
                                        Direct Line: +7-861-277-4562

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 (8,344
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 audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 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.

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