Krasnodar, May 8, 2015: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces 28.73% retail sales growth in rubles for April 2015¹.

During April 2015 the Company opened (net) 163 stores. The total store base reached 10,283 stores (8,664 convenience stores, 198 hypermarkets, 106 “Magnit Family” stores and 1,315 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 4M 2015 increased by 31.94% in ruble terms (compared to 4M 2014) and stood at 295,113.61 million rubles.

According to Rosstat food inflation in April 2015 amounted to 0.3% compared to 1.3% in April 2014, in 4M 2015 it was 11.2% compared to 5.4% in 4M 2014.

¹ According to management accounts

PJSC «Magnit» announces unaudited April 2015 results