Krasnodar, April 11, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 15.35% retail sales growth in rubles for March 2016.

During March 2016 the Company opened (net) 132 stores. The total store base reached 12,434 stores (9,715 convenience stores, 225 hypermarkets, 157 “Magnit Family” stores and 2,337 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 3M 2016 increased by 16.59% in ruble terms (compared to 3M 2015) and stood at 254,435.00 million rubles.

According to Rosstat, food inflation in March 2016 amounted to 0.4% compared to 1.6% in March 2015, in 3M 2016 2.3% compared to 10.9% in 3M 2015.

General inflation in March 2016 amounted to 0.5% compared to 1.2% in March 2015, in 3M 2016 2.1% compared to 7.4% in 3M 2015.

PJSC «Magnit» announces unaudited March 2016 results