Magnit PAO : PJSC MAGNIT : - 1st Coupon Yield Payment

    Press-release

    Krasnodar

    January 21, 2016

    PJSC "Magnit" Announces the 1st Coupon Yield Payment

    Krasnodar, January 21, 2016: PJSC "Magnit", Russia's largest food retailer (the
    "Company"; MOEX and LSE: MGNT), announces the 1st coupon yield payment against
    bonds.

    Please be informed that today PJSC "Magnit" fulfilled its obligation of the
    first coupon redemption against bonds of the BO-10 series in the amount of
    578,400,000 rubles.

    Parameters of the bond issue:

    Type of securities:                 Non-convertible interest-bearing certified exchange-traded bonds to the bearer            
                                        of the B0-10 series with the obligatory centralized custody                               
                                                                                                                                  
    Identification numbers of the       No.  4B02-10-60525-P of 30.07.2013                                                        
    securities issue and the date of                                                                                              
    its assignment:                                                                                                               
                                                                                                                                  
    Coupon period which the yield is    The first coupon period (23.07.2015 - 21.01.2016)                                         
    paid for:                                                                                                                     
                                                                                                                                  
                                                                                                                                  
    The total amount of the interest to 578,400,000 rubles excluding tax and other deductions                                     
    be paid against bonds:                                                                                                        
                                                                                                                                  
                                                                                                                                  
    The amount of the interest to be    57.84 rubles                                                                              
    paid against one bond:                                                                                                        
                                                                                                                                  
    The total number of bonds against   10,000,000 bonds                                                                          
    which the yield is paid:                                                                                                      
                                                                                                                                  
    The method of payment:              Monetary funds in the currency of the Russian Federation by means of non-cash             
                                        settlement                                                                                
                                                                                                                                  
                                                                                                                                  
    The record date:                    January 20, 2016                                                                          
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
    The date of the obligation          January 21, 2016                                                                          
    fulfillment:                                                                                                                  
                                                                                                                                  
                                                                                                                                  
    The total amount of the interest    Following the 1st coupon period the amount of 578,400,000 rubles was paid                 
    paid against bonds following the    excluding tax and other deductions. Obligation has been fulfilled.                        
    reporting period:                                                                                                             

    For further information. please contact:

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

    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.