Krasnodar, February 9, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 15.09% retail sales growth in rubles for January 2016.

During January 2016 the Company opened (net) 64 stores. The total store base reached 12,153 stores (9,606 convenience stores, 219 hypermarkets, 154 “Magnit Family” stores and 2,174 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2016 increased by 15.09% in ruble terms (compared to January 2015) and stood at 80,468.24 million rubles.

According to Rosstat, general inflation in January 2016 amounted to 1.0% compared to 3.9% in January 2015.

Food inflation in January 2016 amounted to 1.2% compared to 5.7% in January 2015.

PJSC "Magnit" announces unaudited January 2016 results