Krasnodar, May 11, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 14.67% retail sales growth in rubles for April 2016.

During April 2016 the Company opened (net) 143 stores. The total store base reached 12,577 stores (9,771 convenience stores, 227 hypermarkets, 161 “Magnit Family” stores and 2,418 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 4M 2016 increased by 16.09% in ruble terms (compared to 4M 2015) and stood at 342,591.71 million rubles.

According to Rosstat, general inflation in April 2016 amounted to 0.4% compared to 0.5% in April 2015, in 4M 2016 it was 2.5% compared to 7.9% in 4M 2015.

Food inflation in April 2016 amounted to 0.4% compared to 0.3% in April 2015, in 4M 2016 it was 2.7% compared to 11.2% in 4M 2015.

PJSC «Magnit» announces unaudited April 2016 results