Magnit

Report Publication Announcement • Apr 30, 2015

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PJSC MAGNIT - Publication of 2014 Annual Report

PR Newswire

London, April 30

Press-releaseKrasnodarApril 30, 2015PJSC "Magnit" Announces the Publication of its 2014 Annual ReportKrasnodar, April 30, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company", the "Issuer", MOEX and LSE: MGNT), announces the publication of its2014 Annual Report.Please be informed that the 2014 Annual Report is available at the officialwebsite of PJSC "Magnit".Please follow the link http://ir.magnit.com/en/financial-reports/ to view theEnglish version of the report.And http://ir.magnit.com/finansovaya-otchetnost/ for the Russian version.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 March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB+. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.