Krasnodar, April 27, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the decision on the advanced redemption of the bonds of the 02, 03 series.

Please be informed that on April 26, 2016 the Sole executive body of the Issuer — the CEO — made the decision (Decision w/o No. of April 26, 2016) on the advance redemption of the PJSC “Magnit” non-convertible interest-bearing certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody (state registration numbers of the securities issues 4-02-60525-P / 4-03-60525-P as of December 27, 2012) on the outstanding amount of the nominal value on the date of the 2nd coupon period termination in accordance with the procedure defined by the Resolution on the issuance of securities and the Prospectus approved by the Board of Directors on October 29, 2012 (minutes w/o No. of October 29, 2012), as amended by Resolution on the issuance of securities and the Prospectus approved by the Board of Directors on December 12, 2013 and on December 15, 2014 (minutes w/o No. of December 12, 2013 and minutes w/o No. of December 15, 2014 correspondingly).

This event may significantly affect the value of the following securities of the Issuer: PJSC “Magnit” non-convertible interest-bearing certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody, state registration numbers 4-02-60525-P / 4-03-60525-P as of December 27, 2012, International Stock Identification Numbers (ISIN) RU000A0JVE99 / RU000A0JVE81.

PJSC “Magnit” announces the decision on the advanced redemption of the bonds