Krasnodar, December 9, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 16.95% retail sales growth in rubles for November 2015.

During November 2015 the Company opened (net) 334 stores. The total store base reached 11,925 stores (9,525 convenience stores, 217 hypermarkets, 138 “Magnit Family” stores and 2,045 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 11M 2015 increased by 25.25% in ruble terms (compared to 11M 2014) and stood at 845,878.29 million rubles.

According to Rosstat, general inflation in November 2015 amounted to 0.8% compared to 1.3% in November 2014, in 11M 2015 12.1% compared to 8.5% in 11M 2014.

Food inflation in November 2015 amounted to 1.2% compared to 2.0% in November 2014, in 11M 2015 12.7%

compared to 11.8% in 11M 2014.

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

“Starting from December, the Company’s main priority is the sales growth rate increase. We already see the positive results.”

PJSC «Magnit» announces unaudited November 2015 results