MGNT.L Regulatory News (MGNT)

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Press Release | Krasnodar | October 23, 2019

PJSC Magnit Announces the Commencing Date of the Exchange-Traded Bonds Placement

Krasnodar, Russia (October 23, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the commencing date of the exchange-traded bonds placement.

Parameters of the bonds placement:

The price of the securities placement or the procedure of its determination:

The price of the placement of the Exchange-traded bonds is fixed in the amount of 1,000 (One thousand) rubles for 1 (One) Exchange-traded bond (100% of the nominal value).

From the second day of the placement of the Exchange-traded bonds within the settlement of the sale and purchase transaction the buyer of the Exchange-traded bonds shall also pay the accumulated coupon yield against the Exchange-traded bonds calculated by the formula specified in the clause 18 of the Prospectus.

The commencing date of the securities placement:

The commencing date of the Exchange-traded bonds placement: November 5, 2019.

The commencing date of the Exchange-traded bonds placement that was not determined in the Text of Terms and Conditions of the Exchange-traded bonds may be changed by the decision of the sole executive body of the Issuer subject to the requirements for the procedure of the disclosure of information on the change of the commencing date of the Exchange-traded bonds placement, established in accordance with the legislation of the Russian Federation, the Bonds Program and the Prospectus.

If the Issuer adopts the decision to change the commencing date of the Exchange-traded bonds placement disclosed pursuant to the procedure specified above, the Issuer shall publish the report on change of the commencing date of the Exchange-traded bonds placement in the newswire and on the webpage in the Internet in accordance with the regulatory enactments related to financial markets not later than 1 (One) day prior to the corresponding date.

The completion date of the securities placement or the procedure of its determination:

The completion date of the Exchange-traded bonds placement is the earliest date of the following dates:

a) the 3rd (Third) business day from the commencing date of the Exchange-traded bonds placement;

b) the date of placement of the last Exchange-traded bond.

For further information, please contact:

Dmitry Kovalenko   Dina Chistyak    Media Inquiries

Director for Investor Relations  Director for Investor Relations   Media Relations Department

Email: dmitry_kovalenko@magnit.ru  Email: dina_chistyak@magnit.ru  Email: press@magnit.ru

Office: +7 (861) 210-48-80   Office: +7 (861) 210-9810 x 15101

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, 2019, Magnit operated 38 distribution centers and 19,884 stores (14,231 convenience, 466 supermarkets and 5,187 drogerie stores) in 3,354 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS results for 1H 2019, Magnit had revenues of RUB 658 billion and an EBITDA of RUB 43 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.