Krasnodar, July 9, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 24.57% retail sales growth in rubles for June 2015¹.

During June 2015 the Company opened (net) 191 stores. The total store base reached 10,728 stores (8,890 convenience stores, 201 hypermarkets, 110 “Magnit Family” stores and 1,527 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 6M 2015 increased by 30.04% in ruble terms (compared to 6M 2014) and stood at 453,698.06 million rubles.

According to Rosstat, general inflation in June 2015 amounted to 0.2% compared to 0.6% in June 2014, in 6M2015 — 8.5% compared to 4.8% in 6M2014.

Food inflation in June 2015 amounted to −0.4% compared to 0.7% in June 2014, in 6M2015 — 10.8% compared to 7.6% in 6M2014.

Sergey Galitskiy, the Company’s CEO, provided the following comments on the published results:

“The reasons for the lower sales growth rate in June this year are: the high base effect, a much lower inflation rate (0.2% in June 2015 vs 0.6% in June 2014), as well as, the average ticket decline due to customers trading down”.

¹ According to management accounts

PJSC «Magnit» announces unaudited June 2015 results