MGNT.L Regulatory News (MGNT)

PJSC MAGNIT - Material Fact

PR Newswire

London, July 28

Not for release, publication or distribution in Australia, Canada, Japan or the United States.

These materials are not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. PJSC Magnit has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

In any EEA Member State that has implemented Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

Securities of PJSC Magnit have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to, or for the account or benefit of, citizens or residents of Australia, Canada or Japan except under circumstances which will result in the full compliance with the applicable laws and regulations promulgated by the relevant regulatory authorities in effect at the relevant time.

Press-release

Krasnodar

July 28, 2016

PJSC “Magnit” Announces the Assignment of the Identification Number to the Program of the Exchange-Traded Bonds

Krasnodar, July 28, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MICEX and LSE: MGNT), announces the assignment of the identification number to the Program of the Exchange-traded bonds.

Please be informed that the following identification number has been assigned to the Program of the PJSC “Magnit” exchange-traded bonds:4-60525-P-002P-02E of 27.07.2016.

The Prospectus of the exchange-traded bonds, which may be placed under the Program of the exchange-traded bonds, has been provided to CJSC “MICEX Stock Exchange” together with the Program of the exchange-traded bonds.

The procedure of providing access to the information contained in the Prospectus of the Exchange-traded bonds:

The Issuer shall publish the text of the Prospectus provided to the stock exchange in the Internet not later than the commencing date of placement of the Exchange-traded bonds of the first issue under the Bonds Program of the exchange-traded bonds.

Publication of the text of the Prospectus provided to the stock exchange in the Internet shall include the following information: the identification number assigned to the Program of the exchange-traded bonds, the date of its assignment and the name of the stock exchange which assigned the identification number to the Program.

The text of the Prospectus provided to the stock exchange shall be available in the Internet from the date of expiration of the term set by the Provisions on the disclosure of information for its publication in the Internet, and if it is published in the Internet after the expiration of this term – from the date of its publication in the Internet, and till the repayment of all Exchange-traded bonds placed under the Bonds Program (till the expiration of the period of validity of the Bonds Program, if no Exchange-traded bond is placed).

The Prospectus shall be available at the following address: 15/5 Solnechnaya street, Krasnodar, 350072, Russian Federation, tel.:. + 7 (861) 277-45-54 (ext. 10003). Copies of the Prospectus shall be provided by PJSC “Magnit” for a fee not exceeding the cost of copying.

The Issuer shall provide copies of this document to the holders of the Issuer’s securities and other interested parties at their request for a fee not exceeding the cost of copying within 7 (Seven) days from the request.

The bank details of the Issuer’s settlement account (accounts) for the payment of the Prospectus copying fee and the amount (procedure of determination of the amount) of such fees were published in the Internet by the Issuer.

For further information, please contact:

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts 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 Stock 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.