Press-release

Krasnodar

November 28, 2014

PJSC "Magnit" Announces the Opening of a New Hypermarket and a "Magnit Family" Store

Krasnodar, November 28, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and a "Magnit Family" store.

Please be informed that today the Company has opened its 181st hypermarket and
76th "Magnit Family" store.

The 181st hypermarket (small format) is located at 37, Metallurgov prospect,
Volgograd, Southern federal region, Russia. Assortment of the hypermarket
consists of more than 7,600 SKUs, out of which about 70% are food items. There
are 15 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 11 pm.

The 76th "Magnit Family" store is located at 160, Maxima Gorkogo street
("Econom" shopping center), Donetsk, Rostov oblast, Southern federal region,
Russia. Assortment of the store consists of about 6,900 SKUs, out of which
about 91% 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
8 am to 10 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: +7-861-277-45-54 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 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.