Magnit

Notice of Dividend Amount • Dec 24, 2014

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PJSC MAGNIT - Dividend Payment Update

PR Newswire

London, December 24

Press-releaseKrasnodarDecember 24, 2014PJSC "Magnit"Dividend Payment UpdateKrasnodar, December 24, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the payment of dividends.Please be informed that the Company has made dividend payment on its sharesfollowing the results of the 6 months of 2014 financial year.Type of securities: ordinary registered sharesState registration number of the issue: 1-01-60525-P as of 04.03.2004Total amount of dividends accrued on shares 7,404,154,096.50 rublesfollowing the results of the 6 months of 2014financial year:Amount of dividend accrued on one share following 78.3 rublesthe results of the 6 months of 2014 financial year:Form of yield payment: monetary funds in the currency of the Russian Federation by bank transferDividend payment date for nominees and trust October 24, 2014managers who are professional securities marketparticipants registered in the shareholderregister:Dividend payment date for the other shareholders November 18,2014registered in the shareholder registerThe Company has effected dividend payment in the amount of 7,404,145,796.70rubles, out of which 5,950.80 rubles were returned as of December 24, 2014 dueto the absence of the accurate bank account details and/ or another creditor'sdelay.The outstanding dividend amount is 8,299.80 rubles which represents 0.000112%of the total amount of the announced dividends. Nonpayment is due to theabsence of the bank account details required for the payment.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.