Krasnodar, December 15, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 146^th “Magnit Family” store.

Please be informed that on December 15, 2015 the Company opened its 146^th “Magnit Family” store located at 30 Sovetskoy Konstitutsii street, Rostov oblast, Southern federal region. Assortment of the store consists of about 8,700 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 8:30 am to 10 pm.

PJSC “Magnit” announces the opening of the 146th “Magnit Family” store