3000th Drogerie Store Opening

PJSC MAGNIT - 3000th Drogerie Store Opening

PR Newswire

London, November 30

Press Release

Krasnodar

November 30, 2016

PJSC “Magnit” Has Opened the 3,000th Drogerie Store

Krasnodar, Russia (November 30, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT) announces the opening of the 3,000th drogerie store.

Please be informed that today the Company opened its 3,000th drogerie store located at 49 Moskovskay street, Bolotnoye, Novosibirsk oblast. This is the first "Magnit Cosmetic" store in this location. The total space of the store is 350 sq. m. and its selling space is 296 sq. m. The outlet is leased by the Company. Population of Bolotnoye stands at over 16,000 people. Today Magnit also opened the first food convenience store in this location.

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Company description:

Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow 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.