Krasnodar, December 25, 2014: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the new hypermarkets and “Magnit Family” stores.

Please be informed that today the Company has opened its 187^th and 188^th hypermarkets as well as its 94^th and 95^th “Magnit Family” stores.

The 187^th hypermarket (medium format) is located at 188, Pavlovsky tract (“Arena” shopping center), Barnaul, Siberia federal region. Assortment of the hypermarket consists of about 22,900 SKUs, out of which about 65% are food items. There are 23 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.

The 188^th hypermarket (small format) is located at 11, Kaslinskaya street, Chelyabinsk, Urals federal region. Assortment of the hypermarket consists of more than 11,600 SKUs, out of which about 81% 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.

The 94^th “Magnit Family” store is located at 1, Gaidara street, Mednogorsk, Orenburg oblast, Volga federal region. Assortment of the store consists of more than 9,000 SKUs, out of which about 85% are food items. There are 13 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.

The 95^th “Magnit Family” store is located at 4B, Pionerskaya street, Volzhsky, Volgograd oblast, Southern federal region. Assortment of the store consists of about 7,200 SKUs, out of which about 93% are food items. There are 13 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 10:30 pm.

PJSC “Magnit” announces the opening of the new hypermarkets and “Magnit Family” stores