MGNT.L Regulatory News (MGNT)

Press-release Krasnodar May 8, 2015 PJSC "Magnit" Announces 28.73% Retail Sales Growth in Rubles for April 2015 Krasnodar, May 8, 2015: PJSC "Magnit", Russia's largest retailer (the"Company"; MOEX and LSE: MGNT) announces 28.73% retail sales growth in rublesfor April 2015. During April 2015 the Company opened (net) 163 stores. The total store basereached 10,283 stores (8,664 convenience stores, 198 hypermarkets, 106 "MagnitFamily" stores and 1,315 drogerie stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 4M 2015increased by 31.94% in ruble terms (compared to 4M 2014) and stood at295,113.61 million rubles. According to Rosstat food inflation in April 2015 amounted to 0.3% compared to1.3% in April 2014, in 4M 2015 it was 11.2% compared to 5.4% in 4M 2014. April and 4M 2015 Key Operating and Financial Highlights: April April Growth 4М2015 4М2014 Growth 2015 2014 Rate Rate Number of opened 163 87 n/a 572 250 n/astores, NET convenience stores 83 69 n/a 320 210 n/a hypermarkets 2 2 n/a 8 6 n/a magnit family 2 0 n/a 9 4 n/a drogerie stores 76 16 n/a 235 30 n/a Total number of 10,283 8,343 n/a 10,283 8,343 n/astores convenience stores 8,664 7,410 n/a 8,664 7,410 n/a hypermarkets 198 167 n/a 198 167 n/a magnit family 106 50 n/a 106 50 n/a drogerie stores 1,315 716 n/a 1,315 716 n/a Selling space, eop, 3,786.89 3,097.58 22.25% 3,786.89 3,097.58 22.25%th. sq. m. convenience stores 2,785.07 2,370.48 17.49% 2,785.07 2,370.48 17.49% hypermarkets 581.46 497.96 16.77% 581.46 497.96 16.77% magnit family 118.46 58.08 103.96% 118.46 58.08 103.96% drogerie stores 301.90 171.06 76.48% 301.90 171.06 76.48% Selling space growth, 54.16 28.97 n/a 196.25 86.20 n/ath. sq.m. convenience stores 30.38 20.77 n/a 111.76 58.28 n/a hypermarkets 4.43 4.43 n/a 22.37 15.08 n/a magnit family 2.34 0.00 n/a 9.39 4.82 n/a drogerie stores 17.00 3.77 n/a 52.73 8.02 n/a Net retail sales, 76,881.84 59,724.60 28.73% 295,113.61 223,676.42 31.94%million RUR convenience stores 57,448.07 45,672.74 25.78% 220,044.19 171,693.05 28.16% hypermarkets 13,454.00 11,094.96 21.26% 52,184.75 40,684.79 28.27% magnit family 3,499.34 1,790.96 95.39% 13,101.24 6,244.51 109.80% drogerie stores 2,480.44 1,165.94 112.74% 9,783.44 5,054.07 93.58% Net retail sales, 1,452.42 1,674.72 (13.27) 4,928.64 6,366.22 (22.58)million US$ % % convenience stores 1,085.29 1,280.69 (15.26) 3,674.92 4,886.68 (24.80) % % hypermarkets 254.17 311.11 (18.30) 871.53 1,157.96 (24.74) % % magnit family 66.11 50.22 31.64% 218.80 177.73 23.11% drogerie stores 46.86 32.69 43.33% 163.39 143.85 13.59% 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 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 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. According to management accounts Based on the average exchange rate for April 2015 - 52.9336 RUB per 1 USD,April 2014 - 35.6625 RUB per 1 USD, 4M 2015 - 59.8773 RUB per 1 USD, 4M 2014 -35.1349 RUB per 1 USD