Magnit

Notice of Dividend Amount • Dec 23, 2014

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PJSC MAGNIT - Decision to Pay Dividends

PR Newswire

London, December 23

Press-releaseKrasnodarDecember 23, 2014PJSC "Magnit" Announces the Decision to Pay DividendsKrasnodar, December 23, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT) announces the decision to pay dividendsfor the 9 months of 2014 financial year made by the EGM.On December 18, 2014 the extraordinary general shareholders meeting made thedecision to pay dividends on PJSC "Magnit" shares in the total amount of14,379,945,254.85 rubles which is 152.07 rubles per share following the resultsof the 9 months of 2014 financial year.Type of securities: uncertified ordinary registered sharesState registration number of the securities 1-01-60525-P of March 4, 2004issue, date of registration:Governance body of the Issuer which made the General Shareholders Meetingdecision to pay dividends:Date of the decision to pay dividends: December 18, 2014Dividend record date: December 30, 2014Date and the number of the minutes of Minutes w/o No. of 23.12.2014meeting where the decision to pay dividendswas made:Reporting period which the dividend is paid 9 months of 2014 financial yearfor:Total amount of dividends accrued on shares 14,379,945,254.85 rublesfollowing the results of the 9 months of2014 financial year:The amount of dividend accrued on one share 152.07 rublesfollowing the results of the 9 months of2014 financial year:Form of payment: monetary funds in the currency of the Russian Federation by bank transferDividend payment date for nominees: January 22, 2015Dividend payment date for the other February 12, 2015shareholders: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 drogerie stores) in approximately 2,000cities and 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.