Krasnodar, June 9, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 9.59% retail sales growth in rubles for May 2016.

During May 2016 the Company opened (net) 210 stores. The total store base reached 12,787 stores (9,870 convenience stores, 227 hypermarkets, 167 “Magnit Family” stores and 2,523 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 5M 2016 increased by 14.70% in ruble terms (compared to 5M 2015) and stood at 430,337.24 million rubles.

According to Rosstat, general inflation in May 2016 amounted to 0.4% compared to 0.4% in May 2015, in 5M 2016 it was 2.9% compared to 8.3% in 5M 2015.

Food inflation in May 2016 amounted to 0.4% compared to 0.1% in May 2015, in 5M 2016 it was 3.1% compared to 11.3% in 5M 2015.

PJSC «Magnit» announces unaudited May 2016 results