Krasnodar, March 31, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 104^th “Magnit Family” store.

Please be informed that today the Company has opened its 104^th “Magnit Family” store located at 2, Gogolya street, Sterlitamak, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of more than 9,700 SKUs, out of which about 83% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 pm.

PJSC «Magnit» announces the opening of the 104th «Magnit Family» store