Krasnodar, February 17, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 221 ^st hypermarket of a small format.

Please be informed that today the Company opened its 221 ^st hypermarket of a small format located at 33/1 Kuznetsky prospect (“Oblaka” shopping center), Kemerovo, Siberian federal region. Assortment of the hypermarket consists of about 16,600 SKUs, out of which about 76% are food items. There are 14 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 221st hypermarket