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Press Release | Krasnodar | October 22, 2019

PJSC Magnit Announces the Expiration of the Term for the Submission of the Offers for Exchanged-Traded Bonds

Krasnodar, Russia (October 22, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the expiration of the term for the submission of the offers from the potential acquirers of the Exchange-traded bonds to execute the preliminary agreements.

According to the Decision of the Chief Executive Officer of PJSC Magnit (Decision w/o No. of October 21, 2019) the term for the submission of the offers from the potential acquirers to execute the preliminary agreements has expired on October 22, 2019 at 3 PM Moscow time. According to the preliminary agreements, a potential acquirer and the Underwriter (PJSC Sovcombank) shall execute principal sale and purchase agreements on Exchange-traded bonds of PJSC Magnit of the BO-003P-04 series to the bearer, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-003P-02E as of 30.01.2018 (hereinafter - the Bonds) on the commencing date of the Exchange-traded bonds placement.

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.