Magnit Announces the Change of Share in the Charter Capital

Press Release

Krasnodar

January 30, 2018

Magnit Announces the Change of Share in the Charter Capital

Krasnodar, Russia (January 30, 2018): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the change of share of the Board of Directors members and the members of the Management Board in the charter capital of PJSC "Magnit" (ordinary shares stake).

On January 29, 2018 the Company was notified of the following changes of share of the Board of Directors members and the members of the Management Board in its charter capital (date of change (date of filing of the notice on the results of the share issue with the registering authority): January 29, 2018).

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Company description:

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 December 31, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family stores and 3,774 drogerie stores) in 2,709 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 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. Measured by market capitalization, Magnit is one of the largest retailers in Europe.