MGJCL Magnit PJSC (CE)

Press-release

Krasnodar

March 19, 2015

PJSC "Magnit" Announces the Publication Date of its Audited FY2014 Financial
Results Prepared in accordance with the IFRS

Krasnodar, March 19, 2015: PJSC "Magnit", Russia's largest retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of
its audited FY 2014 financial results prepared in accordance with the IFRS.

Please be informed that PJSC "Magnit" plans to release its audited FY 2014
financial results prepared in accordance with the IFRS on Wednesday, March 25,
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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts 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.