Krasnodar, May 29, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 200^th hypermarket of a small format.

Please be informed that today the Company opened its 200^th hypermarket of a small format located in Novorossiysk (Anapskoye shosse/ Lenina street), Krasnodar krai, Southern federal region. Assortment of the hypermarket consists of about 13,300 SKUs, out of which about 79% are food items. There are 15 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 11 pm.

PJSC «Magnit» announces the opening of the 200th hypermarket