MGJCL Magnit PJSC (CE)

Press-release

Krasnodar

April 15, 2015

PJSC "Magnit" Announces the Publication Date of its Unaudited 1Q 2015Financial
Results Prepared in accordance with the IFRS

Krasnodar, April 15, 2015: PJSC "Magnit", Russia's largest retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of
its unaudited 1Q 2015 financial results prepared in accordance with the IFRS.

Please be informed that PJSC "Magnit" plans to release its unaudited 1Q 2015
financial results prepared in accordance with the IFRS and based on management
accounts on Wednesday, April 22, 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: +7-861-277-4562

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

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 March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 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) 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.