Magnit PAO : PJSC “Magnit” announces the change of share of the entity under the issuer’s control

Press-release-Acquisition-Disposal-Dec19-eng

Press-release Krasnodar December 19, 2014

PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, December 19, 2014: PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer's control.

Full company name and address: joint-stock company "Tander"

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number: 2310031475
Principal State Registration Number: 1022301598549
Object of acquisition: voting shares of the Issuer
December 16, 2014 Acquisition of shares
Amount of acquired shares: 12,800 shares (0.013536% of the total equity)
Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 280,429 votes (0.296558% of the total number of votes)
Amount of votes after acquisition: 293,229 votes (0.310094% of the total number of votes)
December 16, 2014 Disposal of shares
Amount of disposed shares: 67,397 shares (0.071273% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange, Sale and

Purchase Agreements (off-exchange)

Amount of votes before disposal: 293,229 votes (0.310094% of the total number of votes)
Amount of votes after disposal: 225,832 votes (0.238821% of the total number of votes)
December 17, 2014 Acquisition of shares
Amount of acquired shares: 49,600 shares (0.052453% of the total equity)
Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before acquisition: 225,832 votes (0.238821% of the total number of votes)
Amount of votes after acquisition: 275,432 votes (0.291273% of the total number of votes)
December 17, 2014 Disposal of shares
Amount of disposed shares: 7,388 shares (0.007813% of the total equity)
Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange
Amount of votes before disposal: 275,432 votes (0.291273% of the total number of votes)
Amount of votes after disposal: 268,044 votes (0.283460% of the total number of votes)

For further information, please contact:

Timothy Post Director, Investor Relations

Email: [e-mail]

Office: [phone] x 17600

Mobile: [phone]

Direct Line: [phone]

Dina Svishcheva Deputy Director, Investor Relations

Email: [e-mail]

Office: [phone] x 15101

Mobile: [phone]

Direct Line: [phone]

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately
2,000 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of $9,979 million USD and an EBITDA of
$1,045 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange
(LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.