Krasnodar, March 28, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 157 ^th “Magnit Family” store.

Please be informed that on March 26, 2016 the Company opened its 157 ^th“Magnit Family” store located at 8 Galimadzhana Barudi street, Kazan (“Moskovskiy” shopping center), Republic of Tatarstan, Volga federal region. Assortment of the store consists of more than 6,400 SKUs, out of which about 89% are food items. There are 12 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 9 am to 11 pm.

PJSC “Magnit” announces the opening of the 157th “Magnit Family” store