MGNT.L Regulatory News (MGNT)

Press Release

Krasnodar

December 27, 2017

PJSC "Magnit" announces the acquisition by Sergey Galitskiy of the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit"

Krasnodar, Russia (December 27, 2017): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the acquisition by Mr. Sergey Galitskiy of the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

On December 27, 2017 Mr. Galitskiy Sergey N. acquired the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

Type of stock power: indirect power.

Entities controlled by Galitskiy Sergey N. through which he has the right to indirectly dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit":

Company address: Spyrou Kyprianou 20, Chapo Central, 3' floor, 1075, Nicosia, Cyprus;

Company address: Russia. Krasnodar krai, Krasnodar, 491 Severnaya Street;

Primary State Registration Number: 1062310012710;

Individual Taxpayer Number 2310113079.

Company address: Russia, Krasnodar krai, Krasnodar, 95 Moskovskaya Street, letter B, office 1;

Primary State Registration Number: 1142300003086;

Individual Taxpayer Number: 2311178583.

Attribute of stock power: sole power.

The basis of the stock power: acquisition of the share in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 26,459,296 shares (27.981088%).

Number of shares and % in the charter capital after the basis of the stock power:

Number and percentage of votes based on the number of placed shares as reflected in the current version of the Charter of PJSC "Magnit": 32,760,132 shares (34.6443%).

Number and percentage of votes based on the number of shares actually placed in the course of additional share issue of PJSC "Magnit" which is known to the entity submitted the notification of the right to dispose a certain number of votes of the issuer as of the submission date of the respective notification: 32,760,132 shares (32.4801%).

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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, 2017, Magnit operated 36 distribution centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogerie stores) in 2,664 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 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.