Krasnodar, April 9, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 30.40% retail sales growth in rubles for March 2015¹.

During March 2015 the Company opened (net) 187 stores. The total store base reached 10,120 stores (8,581 convenience stores, 196 hypermarkets, 104 “Magnit Family” stores and 1,239 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 3M 2015 increased by 33.11% in ruble terms (compared to 3M 2014) and stood at 218,231.77 million rubles.

According to Rosstat food inflation in March 2015 amounted to 1.6% compared to 1.8% in March 2014, in 3M 2015 it was 10.9% compared to 4.0% in 3M 2014.

¹ According to management accounts

PJSC «Magnit» announces unaudited March 2015 results