Krasnodar, February 10, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 35.33% retail sales growth in rubles for January 2015¹.

During January 2015 the Company opened (net) 77 stores. The total store base reached 9,788 stores (8,388 convenience stores, 190 hypermarkets, 97 “Magnit Family” stores and 1,113 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2015 increased by 35.33% in ruble terms (compared to January 2014) and stood at 69,918.76 million rubles.

According to Rosstat food inflation in January 2015 amounted to 5.7% compared to 1.0% in January 2014.

¹ According to management accounts

PJSC «Magnit» announces unaudited January 2015 Results