Krasnodar, November 10, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 19.36% retail sales growth in rubles for October 2015.

During October 2015 the Company opened (net) 203 stores. The total store base reached 11,591 stores (9,349 convenience stores, 212 hypermarkets, 133 “Magnit Family” stores and 1,897 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 10M 2015 increased by 26.16% in ruble terms (compared to 10M 2014) and stood at 767,689.25 million rubles.

According to Rosstat, general inflation in October 2015 amounted to 0.7% compared to 0.8% in October 2014, in 10M 2015 11.2% compared to 7.1% in 10M 2014.

Food inflation in October 2015 amounted to 1.0% compared to 1.2% in October 2014, in 10M 2015 11.4% compared to 9.6% in 10M 2014.

PJSC «Magnit» announces unaudited October 2015 results