Krasnodar, July 11, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 13.50% retail sales growth in rubles for June 2016.

During June 2016 the Company opened (net) 101 stores. The total store base reached 12,888 stores (9,902 convenience stores, 228 hypermarkets, 170 “Magnit Family” stores and 2,588 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 6M 2016 increased by 14.49% in ruble terms (compared to 6M 2015) and stood at 519,458.80 million rubles.

According to Rosstat, general inflation in June 2016 amounted to 0.4% compared to 0.2% in June 2015, in 6M 2016 it was 3.3% compared to 8.5% in 6M 2015.

Food inflation in June 2016 amounted to 0.1% compared to −0.4% in June 2015, in 6M 2016 it was 3.2% compared to 10.8% in 6M 2015.

PJSC «Magnit» announces unaudited June 2016 results