Krasnodar, May 7, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the expiration of the term for the submission of the offers from the potential acquirers of the Bonds to execute the Preliminary agreements.

On May 7, 2015 the Issuer’s sole executive body (Chief Executive Officer) made the decision (Decision w/o № of May 7, 2015) that the offers to execute the Preliminary agreements with the potential acquirers of the PJSC “Magnit” interest-bearing non-convertible 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 27.12.2012) shall be submitted from May 7, 2015 at 12 PM Moscow time to May 7, 2015 at 1 PM Moscow time. The offers contain an obligation to execute the principal agreements with the potential acquirers of the Bonds or Participants of the trades acting in their interests on disposal to them of the placed securities.

PJSC “Magnit” announces the expiration of the term for the offers’ submission