MGJCL Magnit PJSC (CE)

Press-release

Krasnodar

April 2, 2014

OJSC "Magnit" Has Published the List of Affiliated Persons as of 31.03.2014

Krasnodar, April 2, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), announces the publication of the list of
affiliated persons as of 31.03.2014.

Please be informed that today OJSC "Magnit" has published the list of
affiliated persons as of 31.03.2014.

The list can be found on the Company's website www.magnit-info.ru and on
http://www.e-disclosure.ru/portal/company.aspx?id=7671

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: post@gw.tander.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@gw.tander.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 retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and
towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.