Krasnodar, July 22, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 204^th hypermarket.

Please be informed that today the Company opened its 204^th hypermarket of a small format located at 13 Gogolya street (“Gallery” Shopping Mall), Novosibisrk, Siberian Federal Region. Assortment of the hypermarket consists of about 9,900 SKUs, out of which about 83% are food items. There are 15 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 AM to 10 PM.

PJSC "Magnit" announces the opening of the 204th hypermarket