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Press Release | Krasnodar | October 22, 2019

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

Krasnodar, Russia (October 22, 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-04 series.

In accordance with Decision of the Chief Executive Officer of PJSC Magnit (Decision w/o No. of October 22, 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-04 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds of the 003P series with the identification number of 4-60525-P-003Р-02Е as of 30.01.2018 (hereinafter - the Exchange-traded bonds) is 6.90 (Six point nine zero) % per annum.

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

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.