Krasnodar, December 22, 2014: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and “Magnit Family” stores.

Please be informed that on December 20, 2014 the Company has opened its 89^th “Magnit Family” store.

The 89^th “Magnit Family” store is located at Gafiatullina street, Bugulma, Republic of Tatarstan, Volga federal region. Assortment of the store consists of more than 8,500 SKUs, out of which about 90% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

On December 21, 2014 the Company has opened its 90^th and 91^st “Magnit Family” stores.

The 90^th “Magnit Family” store is located at 28, 40 let Pobedy street, Togliatti, Samara oblast, Volga federal region. Assortment of the store consists of more than 7,400 SKUs, out of which about 93% are food items. There are 13 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 91^st “Magnit Family” store is located at 3, Bolshaya Filevskaya street, Moscow, Central federal region. Assortment of the store consists of more than 9,100 SKUs, out of which about 89% are food items. There are 12 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.

On December 22, 2014 the Company has opened its 92^nd “Magnit Family” store and 185^th hypermarket.

The 92^nd “Magnit Family” store is located at 16/2, Industrialnoye shosse, Sibay, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of about 7,400 SKUs, out of which about 91% are food items. There are 11 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 185^th hypermarket (small format) is located at Kurchatova street (“Kosmos” shopping center), Volgograd, Southern federal region. Assortment of the hypermarket consists of more than 12,800 SKUs, out of which about 86% are food items. There are 14 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 10:30 pm.

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