Krasnodar, March 10, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 19.46% retail sales growth in rubles for February 2016.

During February 2016 the Company opened (net) 149 stores. The total store base reached 12,302 stores (9,663 convenience stores, 223 hypermarkets, 156 “Magnit Family” stores and 2,260 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 2M 2016 increased by 17.28% in ruble terms (compared to 2M 2015) and stood at 164,470.72 million rubles.

According to Rosstat, general inflation in February 2016 amounted to 0.6% compared to 2.2% in February 2015, in 2M 2016 1.6% compared to 6.2% in 2M 2015.

Food inflation in February 2016 amounted to 0.7% compared to 3.3% in February 2015, in 2M 2016 1.9% compared to 9.1% in 2M 2015.

PJSC «Magnit» announces unaudited February 2016 results