Press-releaseKrasnodarOctober 22, 2014PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's ControlKrasnodar, October 22, 2014: PJSC "Magnit", Russia's largest food retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share ofthe entity which is under the Issuer's control.Full company name and joint-stock company "Tander"address: 185, Levanevskogo street, Krasnodar, RussiaTaxpayer Id Number: 2310031475Principal State 1022301598549Registration Number:Object of acquisition: voting shares of the IssuerOctober 17, 2014 Acquisition of sharesAmount of acquired shares: 10,381 shares (0.010978% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 199,166 votes (0.210621% of the total number ofacquisition: votes)Amount of votes after 209,547 votes (0.221599% of the total number ofacquisition: votes)October 17, 2014 Disposal of sharesAmount of disposed shares: 563 shares (0.000595% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 209,547 votes (0.221599% of the total number ofdisposal: votes)Amount of votes after 208,984 votes (0.221004% of the total number ofdisposal: votes)October 20, 2014 Acquisition of sharesAmount of acquired shares: 13,406 shares (0.014177% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 208,984 votes (0.221004% of the total number ofacquisition: votes)Amount of votes after 222,390 votes (0.235181% of the total number ofacquisition: votes)October 20, 2014 Disposal of sharesAmount of disposed shares: 1,608 shares (0.001700% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 222,390 votes (0.235181% of the total number ofdisposal: votes)Amount of votes after 220,782 votes (0.233480% of the total number ofdisposal: votes)October 21, 2014 Acquisition of sharesAmount of acquired shares: 20,015 shares (0.021166% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 220,782 votes (0.233480% of the total number ofacquisition: votes)Amount of votes after 240,797 votes (0.254646% of the total number ofacquisition: votes)October 21, 2014 Disposal of sharesAmount of disposed shares: 2,980 shares (0.003151% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 240,797 votes (0.254646% of the total number ofdisposal: votes)Amount of votes after 237,817 votes (0.251495% of the total number ofdisposal: votes)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: +7-861-277-4562Dina 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 drogeries) in approximately 2,000 citiesand 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.