Opening of a New Distribution Center

PJSC MAGNIT - Opening of a New Distribution Center

PR Newswire

London, December 14

Press Release

Krasnodar

December 14, 2016

Magnit Announces the Opening of a New Distribution Center

Krasnodar, Russia (December 14, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the opening of a new distribution center in Kemerovo.

Please be informed that the Company opened a new distribution center (DC) in Kemerovo. Total space of the DC is about 48 thousand sq. m. Launch of the new distribution facility will improve the quality of service in the Siberian region.

“Magnit” operates 35 distribution centers with their total capacity of about 1,426 thousand sq. m.

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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 September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.