Press-releaseKrasnodarDecember 24, 2014PJSC "Magnit" Announces the Change of Share of the BoD Members and the Membersof the Management Board in the Charter CapitalKrasnodar, December 24, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the change of share of the BoDmembers and the members of the Management Board in the charter capital.On December 24, 2014 the Company has been notified of the following changes ofshare of the BoD members and the members of the Management Board in its chartercapital. Name and Share in the Share of the Share in the Share of the Date of position charter ordinary charter ordinary change capital shares before capital shares after before change change after change changeMarina 0,005489% 0,005489% 0,004748% 0,004748% DecemberIvanova 22, 2014Member of theManagementBoardAndrey 0,209384% 0,209384% 0,210758% 0,210758% DecemberArutyunyan 16, 2014BoD memberKhachatur 0,002284% 0,002284% 0,004241% 0,004241% DecemberPombukhchan 16, 2014Chairman ofthe BoDAlexander 0,00596% 0,00596% 0,007021% 0,007021% DecemberBarsukov 16, 2014Member of theManagementBoardAlexander 0,007021% 0,007021% 0,006754% 0,006754% DecemberBarsukov 22, 2014Member of theManagementBoardIlya Sattarov 0,002025% 0,002025% 0,003400% 0,003400% December 16, 2014Member of theManagementBoardAslan 0,00547% 0,00547% 0,006845% 0,006845% DecemberShkhachemukov 16, 2014BoD MemberFor 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: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. 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 creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.