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Press Release | Krasnodar | January 24, 2019

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

Krasnodar, Russia (January 24, 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 January 23, 2019) the term for the submission of the offers from the potential acquirers to execute the preliminary agreements has expired on January 24, 2019 at 3 PM Moscow time. According to the preliminary agreements, a potential acquirer and the Underwriter (Bank GPB (JSC)) shall execute principal sale and purchase agreements on exchange-traded bonds of PJSC "Magnit" of the BO-003P-01 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 Bonds placement.

For further information, please contact

Petr Molchanov     Media Inquiries

Chief Investment Officer   Media Relations Department

Email: molchanov_ps@magnit.ru   Email: press@magnit.ru

Office: +7-861-277-4554 x 45000  

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 September 30, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.