Magnit

Regulatory Filings • Oct 24, 2014

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PJSC MAGNIT - 178th Hypermarket Opening

PR Newswire

London, October 24

Press-releaseKrasnodarOctober 24, 2014PJSC "Magnit" Announcesthe Opening of the 178th HypermarketKrasnodar, October 24, 2014: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the178th hypermarket of a small format.Please be informed that today the Company has opened its 178th hypermarket of asmall format located at 37, Zaslavskogo street, Serov, Sverdlovsk oblast, Uralsfederal region. Assortment of the hypermarket consists of about 12,500 SKUs,out of which about 74% are food items. There are 19 cash desks installed in thesales area. The outlet is owned by the Company. The hypermarket is open 7 daysa week from 9 am to 10 pm.For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogeries) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation.In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. 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 creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.