Krasnodar, Russia (September 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces 13.83% retail sales growth in rubles for August 2016.

During August 2016 the Company opened (net) 220 stores. The total store base reached 13,241 stores (10,072 convenience stores, 231 hypermarkets, 176 “Magnit Family” stores and 2,762 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M 2016 increased by 14.31% in ruble terms (compared to 8M 2015) and stood at 702,506.32 million rubles.

According to Rosstat, general inflation in August 2016 amounted to 0.0% compared to 0.4% in August 2015, in 8M 2016 it was 3.9% compared to 9.8% in 8M 2015.

Food inflation in August 2016 amounted to −0.6% (minus zero point six) compared to −0.7% (minus zero point seven) in August 2015, in 8M 2016 it was 2.6% compared to 9.8% in 8M 2015.

PJSC «Magnit» announces unaudited August 2016 results