Krasnodar, Russia (August 29, 2017): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) announces the opening of the first “Magnit Family” store under the new concept.

Please be informed that Magnit retail chain has opened the first “Magnit Family” store under the new concept at 142 Moskovskaya street, Krasnodar. The following changes have been introduced to the format: name, exterior and interior design, equipment, assortment, principles of lay-out and adjacencies of categories. The logo and the format identity have been entirely changed. The assortment consists of about 9 thousand SKUs.

The Company plans to open a few “Magnit Family” stores under the new concept by the year end.

PJSC “Magnit” announces the opening of a new concept “Magnit Family” store