MGNT.L Regulatory News (MGNT)

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PJSC Magnit Announces the Procedure of Exchanged-Traded Bonds Placement, Terms of the Offers' Submission and Assignment of the Underwriter

Krasnodar, Russia (May 26, 2021): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the procedure of exchange-traded bonds placement, the terms of the offers' submission, the assignment of the underwriter and the change of the Exchange through which placement transactions shall be concluded.

On May 26, 2021 the Chief Executive Officer of PJSC Magnit determined the placement procedure of the Exchange-traded bonds of PJSC Magnit of the BO-002P-04 series placed under the Program of the exchange-traded bonds of the 002P series with the identification number of 4-60525-P-002Р-02Е as of 27.07.2016 (hereinafter - the Exchange-traded bonds), and the term and the procedure of the submission of the offers from the potential acquirers to execute the Exchange-traded bonds preliminary sale and purchase agreements (hereinafter - the Offers), as well as assigned the Underwriter (Public Joint Stock Company Sovcombank) for the Exchange-traded bonds placement.

The placement of the Exchange-traded bonds shall be exercised in trading held by Moscow Exchange. The trading is held in accordance with the Stock Exchange Rules registered under the statutory procedure of the Russian Federation.

The placement of the Exchange-traded bonds shall be exercised via book-building.

The Offers to execute the preliminary agreements shall be submitted from May 26, 2021 at 11 AM Moscow time to May 26, 2021 at 3 PM Moscow time. According to the preliminary agreements, potential acquirers and PJSC Magnit (through the Underwriter) shall execute the principal Exchange-traded bonds sale and purchase agreements on the commencing date of the Exchange-traded bonds placement.

The expiration time of the Offers submission, preliminary determined by the decision of the sole executive body of the Issuer, may be changed by the sole executive body of the Issuer.

The Offers shall be delivered to the Underwriter's address - PJSC Sovcombank.

The approved form of the Offer can be found at the official website of the Company

https://www.magnit.com/en/disclosure/issue-documents/

The information on the Underwriter and the bank details to transfer the payment for the Exchange-traded bonds can be found in the relevant Material fact

https://www.magnit.com/ru/disclosure/regulatory-news/