Krasnodar, May 15, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 199^th hypermarket of a medium format.

Please be informed that today the Company opened its 199^th hypermarket of a medium format located at 15, Cherkasskaya street, Chelyabinsk, Urals federal region. Assortment of the hypermarket consists of about 21,200 SKUs, out of which about 73% are food items. There are 21 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 8 am to 23 pm.

PJSC «Magnit» announces the opening of the 199th hypermarket