Krasnodar, May 7, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces the procedure of bonds placement and terms for the offers’ submission.

On May 7, 2015 the Issuer’s sole executive body (Chief Executive Officer) determined the procedure of securities’ placement which states that the placement of interest-bearing non-convertible certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody, state registration numbers 4-02-60525-P / 4-03-60525-P as of 27.12.2012 (hereinafter — Bonds, Bonds of 02, 03 series), shall be exercised via book-building at the fixed price and coupon rate for the first coupon period in accordance with the procedure defined by the Decisions on the issuance of Bonds of the 02, 03 series.

The offers to execute the Preliminary agreements¹ shall be delivered to the address of CJSC “Sberbank CIB”.

The offers to execute the Preliminary agreements with the potential acquirers of the Bonds of the 02, 03 series shall be submitted from May 7, 2015 at 12 PM Moscow time to May 7, 2015 at 1 PM Moscow time. The offers contain an obligation to execute the principal agreements with the potential acquirers of the Bonds or Participants of the trades acting in their interests on disposal to them of the placed securities.

The Bonds placement is scheduled for May 15, 2015 but may take place on another date. The final date of placement is determined in accordance with the Decisions on the issuance and Prospectus of Bonds.

The full forms of the offers can be found at the official website of the Company https://ir.magnit.com/en/information-disclosure/charter-capital-and-issuing-documents/

PJSC “Magnit” announces the procedure of bonds placement and the terms for the offers’ submission