MGJCL Magnit PJSC (CE)

Press-release

Krasnodar

January 12, 2015

PJSC "Magnit" Has Published the List of Affiliated Persons as of 31.12.201 4

Krasnodar, January 12, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the publication of the list of
affiliated persons as of 31.12.2014.

Please be informed that today PJSC "Magnit" has published the list of
affiliated persons as of 31.12.2014.

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@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 (3,344
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 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.

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