Magnit

Report Publication Announcement • Mar 19, 2015

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PJSC MAGNIT - Notice of Results

PR Newswire

London, March 19

Press-releaseKrasnodarMarch 19, 2015PJSC "Magnit" Announces the Publication Date of its Audited FY2014 FinancialResults Prepared in accordance with the IFRSKrasnodar, March 19, 2015: PJSC "Magnit", Russia's largest retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the publication date ofits audited FY 2014 financial results prepared in accordance with the IFRS.Please be informed that PJSC "Magnit" plans to release its audited FY 2014financial results prepared in accordance with the IFRS on Wednesday, March 25,2015 at 10:00 AM (Moscow time).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 December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2014, Magnit hadrevenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's localshares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on theLondon 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 largestretailers in Europe.