MGJCL Magnit PJSC (CE)

Press-release

Krasnodar

October 7, 2014

OJSC "Magnit" Announces the Opening of a New Distribution Center

Krasnodar, October 7, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT) announces the opening of a new distribution
center in Novorossiysk.

Please be informed that the Company has opened a new distribution center (DC)
in Novorossiysk (Krasnodar region). Total space of the warehouse is more than
25 thsd. sq. m. Launch of the new distribution facility will improve the
quality of service in the Southern region.

"Magnit" operates 26 distribution centers with their total capacity of about
825 thsd. sq. m.

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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. 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 credit
rating from Standard & Poor's of BB. Measured by market capitalization, Magnit
is one of the largest retailers in Europe.