Krasnodar, July 31, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 206^th hypermarket.

Please be informed that today the Company opened its 206^th hypermarket of a small format located at 11 Vokzalnaya street (“Apelsin” shopping center), Velikiye Luki, Pskov oblast, North-Western Federal Region. Assortment of the hypermarket consists of more than 14,700 SKUs, out of which about 74% are food items. There are 19 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 11 pm.

PJSC «Magnit» announces the opening of the 206th hypermarket