Magnit

Capital/Financing Update • Oct 23, 2015

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PJSC MAGNIT - Assignment of ID Number to Bonds Program

PR Newswire

London, October 23

Not for release, publication or distribution in Australia, Canada, Japan or the United States.

These materials are not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended.  PJSC Magnit has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”).  The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.  Any person who is not a relevant person should not act or rely on this document or any of its contents.

In any EEA Member State that has implemented Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

Securities of PJSC Magnit have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to, or for the account or benefit of, citizens or residents of Australia, Canada or Japan except under circumstances which will result in the full compliance with the applicable laws and regulations promulgated by the relevant regulatory authorities in effect at the relevant time.

Press-release

Krasnodar

October 23, 2015

PJSC “Magnit” Announces the Assignment of the Identification Number to the Program of the Exchange-Traded Bonds

Krasnodar, October 23, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MICEX and LSE: MGNT), announces the assignment of the identification number to the Program of the Exchange-traded bonds.

Please be informed that on October 23, 2015, in accordance with the Listing rules of CJSC “MICEX Stock Exchange”, the CEO of CJSC “MICEX Stock Exchange” made the decision to assign the following identification number to the Program of the PJSC “Magnit” exchange-traded bonds due to the corresponding request: 4-60525-P-001P-02E of 23.10.2015.

The decision to approve the Program of the exchange-traded bonds and the Prospectus of securities was made on September 28, 2015 by the Board of directors of the Issuer (minutes w/o No. of September 28, 2015).

Type and category of securities: non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody with the maximum total nominal value of all exchange-traded bonds issues, to be placed under the Program of the exchange-traded bonds, of 50,000,000,000 (Fifty billion) Russian rubles or the equivalent of this amount in a foreign currency, maturing on the date not later than the 1,820th day from the date of initiation of the exchange-traded bonds placement, under the Program of the exchange-traded bonds to be placed by open subscription

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: +7-861-277-4562
Dina Svishcheva	Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562
Media Enquiries	PR and GR Department press@magnit.ru

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London 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 largest retailers in Europe.