Krasnodar, September 9, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 20.76% retail sales growth in rubles for August 2015.

During August 2015 the Company opened (net) 231 stores. The total store base reached 11,170 stores (9,127 convenience stores, 207 hypermarkets, 122 “Magnit Family” stores and 1,714 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M 2015 increased by 27.98% in ruble terms (compared to 8M 2014) and stood at 614,549.68 million rubles.

According to Rosstat, general inflation in August 2015 amounted to 0.4% compared to 0.2% in August 2014, in 8M2015 9.8% compared to 5.6% in 8M2014.

Food inflation in August 2015 amounted to −0.7% (minus zero point seven) compared to −0.3% (minus zero point three) in August 2014, in 8M2015 9.8% compared to 7.3% in 8M2014.

PJSC «Magnit» announces unaudited August 2015 results