© 2016 The Authors Published by Oxford University Press on behalf of the Royal Astronomical Society.We announce the discovery of the Crater 2 dwarf galaxy, identified in imaging data of the VLT Survey Telescope ATLAS survey. Given its half-light radius of ~1100 pc, Crater 2 is the fourth largest satellite of the Milky Way, surpassed only by the Large Magellanic Cloud, Small Magellanic Cloud and the Sgr dwarf. With a total luminosity of MV ≈ -8, this galaxy is also one of the lowest surface brightness dwarfs. Falling under the nominal detection boundary of 30 mag arcsec-2, it compares in nebulosity to the recently discovered Tuc 2 and Tuc IV and UMa II. Crater 2 is located ~120 kpc from the Sun and appears to be aligned in 3D with the enigmatic globular cluster Crater, the pair of ultrafaint dwarfs Leo IV and Leo V and the classical dwarf Leo II. We argue that such arrangement is probably not accidental and, in fact, can be viewed as the evidence for the accretion of the Crater-Leo group.