Magnit

Investor Presentation • Dec 30, 2014

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PJSC MAGNIT - New Hypermarkets Opening

PR Newswire

London, December 30

Press-releaseKrasnodarDecember 30, 2014PJSC "Magnit" Announces the Opening of the New HypermarketsKrasnodar, December 30, 2014: PJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the newhypermarkets.Please be informed that today the Company has opened its 189th and 190thhypermarkets.The 189th hypermarket (small format) is located at 1, Generala Ivanova street("Vershina" shopping center), Surgut, Khanty-Mansi autonomous district, Uralsfederal region. Assortment of the hypermarket consists of about 11,900 SKUs,out of which about 79% are food items. There are 14 cash desks installed in thesales area. The outlet is leased by the Company. The hypermarket is open 7 daysa week from 10 am to 10 pm.The 190th hypermarket (small format) is located at 23, Krasnoarmeyskoye shosse,Vyazma, Smolensk oblast, Central federal region. Assortment of the hypermarketconsists of about 10,600 SKUs, out of which about 82% are food items. There are13 cash desks installed in the sales area. The outlet is leased by the Company.The hypermarket is open 7 days a week from 9 am to 11 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 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.