Press-releaseKrasnodarDecember 3, 2014PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's ControlKrasnodar, December 3, 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 IssuerNovember 28, 2014 Acquisition of sharesAmount of acquired shares: 268 shares (0.000283% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 186,977 votes (0.197731% of the total number ofacquisition: votes)Amount of votes after 187,245 votes (0.198014% of the total number ofacquisition: votes)November 28, 2014 Disposal of sharesAmount of disposed shares: 265 shares (0.000280% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 187,245 votes (0.198014% of the total number ofdisposal: votes)Amount of votes after 186,980 votes (0.197734% of the total number ofdisposal: votes)December 1, 2014 Acquisition of sharesAmount of acquired shares: 440 shares (0.000465% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 186,980 votes (0.197734% of the total number ofacquisition: votes)Amount of votes after 187,420 votes (0.198199% of the total number ofacquisition: votes)December 1, 2014 Disposal of sharesAmount of disposed shares: 550shares (0.000582% of the total equity)Basis for disposal: Sale and Purchase Agreements (off-exchange)Amount of votes before 187,420 votes (0.198199% of the total number ofdisposal: votes)Amount of votes after 186,870 votes (0.197618% of the total number ofdisposal: votes)December 2, 2014 Acquisition of sharesAmount of acquired shares: 17,100 shares (0.018083% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 186,870 votes (0.197618% of the total number ofacquisition: votes)Amount of votes after 203,970 votes (0.215701% of the total number ofacquisition: votes)December 2, 2014 Disposal of sharesAmount of disposed shares: 55shares (0.000058% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 203,970 votes (0.215701% of the total number ofdisposal: votes)Amount of votes after 203,915 votes (0.215643% 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 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.