Krasnodar, December 11, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and a “Magnit Family” store.

Please be informed that today the Company opened a new hypermarket and a “Magnit Family” store.

The 218^th hypermarket (medium format) is located at 37 Zipovskaya street, Krasnodar, Southern federal region. Assortment of the hypermarket consists of more than 25,200 SKUs, out of which about 68% are food items. There are 24 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

The 143^rd “Magnit Family” store is located at 89 Gagarina street, Gagarin, Smolensk oblast, Central federal region. Assortment of the store consists of around 8,800 SKUs, out of which about 85% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8 am to 11 pm.

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