Press-releaseKrasnodarApril 7, 2015PJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer'sControlKrasnodar, April 7, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company", the "Issuer", MOEX and LSE: MGNT), announces the disposal of sharesby the 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 disposal: voting shares of the IssuerDate of disposal: April 1, 2015Amount of disposed shares: 18,014 shares (0.019050% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange; Sale and Purchase Agreements (off-exchange)Amount of votes before 103,429 votes (0.109378% of the total number ofdisposal: votes)Amount of votes after 85,415 votes (0.090328% of the total number ofdisposal: votes)Date of disposal: April 2, 2015Amount of disposed shares: 1,300 shares (0.001375% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 85,415 votes (0.090328% of the total number ofdisposal: votes)Amount of votes after 84,115 votes (0.088953% of the total number ofdisposal: votes)Date of disposal: April 3, 2015Amount of disposed shares: 10,176 shares (0.010761% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange; Sale and Purchase Agreements (off-exchange)Amount of votes before 84,115 votes (0.088953% of the total number ofdisposal: votes)Amount of votes after 73,939 votes (0.078192% of the total number ofdisposal: votes)Date of disposal: April 6, 2015Amount of disposed shares: 10,929 shares (0.011558% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 73,939 votes (0.078192% of the total number ofdisposal: votes)Amount of votes after 63,010 votes (0.066634% 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 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 audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.