Press-releaseKrasnodarDecember 16, 2014PJSC "Magnit" Announcesthe Opening oftheNew "Magnit Family"StoresKrasnodar, December 16, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of thenew "Magnit Family" stores.Please be informed that today the Company has opened its 84th and 85th "MagnitFamily" stores.The 84th "Magnit Family" store is located at 6, Kommunisticheskaya street,Togliatti, Samara oblast, Volga federal region. Assortment of the storeconsists of more than 7,600 SKUs, out of which about 88% are food items. Thereare 9 cash desks installed in the sales area. The outlet is leased by theCompany. The hypermarket is open 7 days a week from 9 am to 11 pm.The 85th "Magnit Family" store is located at 45/4, Krasnaya street, Yeysk,Krasnodar krai, Southern federal region. Assortment of the store consists ofmore than 7,000 SKUs, out of which about 92% are food items. There are 13 cashdesks installed in the sales area. The outlet is leased by the Company. Thestore is open 7 days a week from 8 am to 11 pm.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.