OREANDA-NEWS. PJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT) announces the opening of the 1000th drogerie store.

Please be informed that today the Company opened its 1000th drogerie store located at 18/1 Pavshikh Bortsov street, Mishkino village, Kurgan oblast. This is the first "Magnit Cosmetic" store in this location. The total space of the store is 209 sq. m. and its selling space is 170 sq. m. The outlet is leased by the Company. Population of Mishkino stands at over 8000 people. In this village Magnit already operates its food convenience store.

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of USD 9,979 million USD and an EBITDA of USD 1,045 million USD. Magnit's local shares are traded on the Moscow

Stock Exchange (MICEX: 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.