MGNT.L Regulatory News (MGNT)

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Ruslan Ismailov

Magnit's Deputy CEO and Director for Retail Chain Management

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"Products made in our Magnit Family supermarkets are delivered to our convenience stores chilled and packed into individual containers. We maintain the required temperature during the entire delivery process. All products have short shelf lives. This project enables us to respond to one of the dominant global trends - the rapid rise in popularity of ready-to-eat and ready-to-cook. We plan to improve our ready-to-cook offering for the сonvenience format and ramp up our production capacities. We're also looking for alternative ways to develop the project, including, among other things, via construction of our own 'kitchen factories'."

For further information, please contact:

Dina Chistyak

Director for Investor Relations dina_chistyak@magnit.ru

Office: +7 (861) 210 9810 x 15101

Media Inquiries Twitter

press@magnit.ru @MagnitIR

Note to editors

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 June 30, 2021, Magnit operated 39 distribution centers and 22,344 stores (15,348 convenience, 469 supermarkets and 6,527 drogerie stores) in 3,802 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 1H 2021, Magnit had revenues of RUB 822.2 billion and an EBITDA of RUB 94.4 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.

Forward-looking statements

This document contains or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.