PJSC MAGNIT - Change of Share

PR Newswire

London, September 30

Press-release

Krasnodar

September 30, 2015

PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control

Krasnodar, September 30, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer’s control.

Full company name and address:	*Joint Stock Company “Tander”* *185, Levanevskogo street, Krasnodar, Russia*
Taxpayer Id Number:	*2310031475*
Principal State Registration Number:	*1022301598549*
Object of acquisition:	*voting shares of the Issuer*


September 23, 2015	*Acquisition of shares*
Amount of acquired shares:	*1,205 shares (0.001274% of the total equity)*
Basis for acquisition:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before acquisition:	*64,764 votes (0.068489% of the total number of votes)*
Amount of votes after acquisition:	*65,969 votes (0.069763% of the total number of votes)*


September 24, 2015	*Acquisition of shares*
Amount of acquired shares:	*13,200 shares (0.013959% of the total equity)*
Basis for acquisition:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before acquisition:	*65,969 votes (0.069763 % of the total number of votes)*
Amount of votes after acquisition:	*79,169 votes (0.083722% of the total number of votes)*


September 25, 2015	*Acquisition of shares*
Amount of acquired shares:	*2,404 shares (0.002542% of the total equity)*
Basis for acquisition:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before acquisition:	*79,169 votes (0.083722% of the total number of votes)*
Amount of votes after acquisition:	*81,573 votes (0.086265 % of the total number of votes)*


September 25, 2015	*Disposal of shares*
Amount of disposed shares:	*7,086 shares (0.007494% of the total equity)*
Basis for disposal:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before disposal:	*81,573 votes (0.086265% of the total number of votes)*
Amount of votes after disposal:	*74,487 votes (0.078771% of the total number of votes)*


September 28, 2015	*Acquisition of shares*
Amount of acquired shares:	*600 shares (0.000635% of the total equity)*
Basis for acquisition:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before acquisition:	*74,487 votes (0.078771% of the total number of votes)*
Amount of votes after acquisition:	*75,087 votes (0.079406% of the total number of votes)*


September 28, 2015	*Disposal of shares*
Amount of disposed shares:	*5,108 shares (0.005402% of the total equity)*
Basis for disposal:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before disposal:	*75,087 votes (0.079406% of the total number of votes)*
Amount of votes after disposal:	*69,979 votes (0.074004% of the total number of votes)*

September 29, 2015	*Disposal of shares*
Amount of disposed shares:	*6,687 shares (0.007072% of the total equity)*
Basis for disposal:	*Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange*
Amount of votes before disposal:	*69,979 votes (0.074004% of the total number of votes)*
Amount of votes after disposal:	*63,292 votes (0.066932% of the total number of 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: +7-861-277-4562
Dina Svishcheva	Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562
Media Inquiries	PR and GR Department press@magnit.ru

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London 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 largest retailers in Europe.