MGNT.L Regulatory News (MGNT)

Press-release Krasnodar March 31, 2015 PJSC "Magnit" Announces the Opening of the 104th "Magnit Family" Store Krasnodar, March 31, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 104th"Magnit Family" store. Please be informed that today the Company has opened its 104th "Magnit Family"store located at 2, Gogolya street, Sterlitamak, Republic of Bashkortostan,Volga federal region. Assortment of the store consists of more than 9,700 SKUs,out of which about 83% are food items. There are 13 cash desks installed in thesales area. The outlet is leased by the Company. The store is open 7 days aweek from 9 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: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company 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.