Press-releaseKrasnodarFebruary 27, 2015PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's ControlKrasnodar, February 27, 2015: PJSC "Magnit", Russia's largest food retailer(the "Company", the "Issuer", MOEX and LSE: MGNT), announces the change ofshare of the entity which is under the Issuer's control.Full company name and JointStock Company "Tander"address: 185, Levanevskogo street, Krasnodar, RussiaTaxpayer Id Number: 2310031475Principal State 1022301598549Registration Number:Object of acquisition: voting shares of the IssuerFebruary 25, 2015 Disposal of sharesAmount of disposed shares: 6,597 shares (0.006976% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 88,035 votes (0.093098% of the total number of votes)disposal:Amount of votes after 81,438 votes (0.086122% of the total number of votes)disposal:February 26, 2015 Acquisition of sharesAmount of acquired shares: 17,250 shares (0.018242% of the total equity)Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 81,438 votes (0.086122% of the total number of votes)acquisition:Amount of votes after 98,688 votes (0.104364% of the total number of votes)acquisition: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 December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2014, Magnit hadrevenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's localshares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on theLondon 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 largestretailers in Europe.