Krasnodar, Russia (November 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces 10.45% retail sales growth in rubles for October 2016.

During October 2016 the Company opened (net) 133 stores. The total store base reached 13,497 stores (10,213 convenience stores, 228 hypermarkets, 180 “Magnit Family” stores and 2,876 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 10M 2016 increased by 13.85% in ruble terms (compared to 10M 2015) and stood at 874,040.84 million rubles.

According to Rosstat, general inflation in October 2016 amounted to 0.4% compared to 0.7% in October 2015, in 10M 2016 it was 4.5% compared to 11.2% in 10M 2015.

Food inflation in October 2016 amounted to 0.8% compared to 1.0% in October 2015, in 10M 2016 it was 3.2% compared to 11.4% in 10M 2015.

PJSC "Magnit" announces unaudited October 2016 results