Krasnodar, Russia (October 11, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces 13.68% retail sales growth in rubles for September 2016.

During September 2016 the Company opened (net) 123 stores. The total store base reached 13,364 stores (10,138 convenience stores, 228 hypermarkets, 179 “Magnit Family” stores and 2,819 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 9M 2016 increased by 14.24% in ruble terms (compared to 9M 2015) and stood at 786,741.14 million rubles.

According to Rosstat, general inflation in September 2016 stood at 0.2% compared to 0.6% in September 2015, in 9M 2016 it was 4.1% compared to 10.4% in 9M 2015.

Food inflation in September 2016 was −0.1% compared to 0.4% in September 2015, in 9M 2016 it was 2.4% compared to 10.2% in 9M 2015.

PJSC «Magnit» announces unaudited September 2016 results