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Press Release | Krasnodar | January 25, 2019

PJSC "Magnit" Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds

Krasnodar, Russia (January 25, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-003Р-01 series.

In accordance with Decision of the Chief Executive Officer of PJSC "Magnit" (Decision w/o No. of January 24, 2019), the interest rate of the 1st coupon of the non-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003P-01 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-003Р-02Е as of 30.01.2018 (hereinafter - the Bonds) is 8.70 (Eight point seventy) % per annum.

The interest rate of the 2nd, 3rd, 4th, 5th, 6th coupon periods is equal to the interest rate of the 1st coupon period.

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.