Press-release

    Krasnodar

    January 26, 2016

    PJSC "Magnit" Announces the Change of Share in the Charter Capital

    Krasnodar, January 26, 2016: PJSC "Magnit", Russia's largest food retailer (the
    "Company"; MOEX and LSE: MGNT), announces the change of share in the charter
    capital of PJSC "Magnit" (ordinary shares stake) owned by Ilya Sattarov, the
    member of the PJSC "Magnit" Management Board.

    On January 26, 2016 the Company was notified of the following changes of share
    of Ilya Sattarov, the Management Board member, in the charter capital.

    Date of change             Share in the charter       Share of the ordinary      Share in the charter       Share of the ordinary     
                               capital before change      shares before change       capital after change       shares after change       
                                                                                                                                          
    January 19, 2016           0,002957%                  0,002957%                  0,002956%                  0,002956%                 
                                                                                                                                          
    January 21, 2016           0,002956%                  0,002956%                  0,002587%                  0,002587%                 
                                                                                                                                          
    January 22, 2016           0,002587%                  0,002587%                  0,002375%                  0,002375%                 

    For further information, please contact:

    Timothy Post                               Head of Investor Relations                  
                                               Email: post@magnit.ru                       
                                               Office: +7-861-277-4554 x 17600             
                                               Mobile: +7-961-511-7678                     
                                               Direct Line: +7-861-277-4562                
                                                                                           
    Investor Relations Office                  MagnitIR@magnit.ru                          
                                               Direct Line: +7-861-277-4562                
                                               Website: ir.magnit.com/                     
                                                                                           
    Media Inquiries                            Media Relations Department                  
                                               press@magnit.ru                             

    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.