Unaudited FY 2016 Financial Results Publication Date

PJSC MAGNIT - Unaudited FY 2016 Financial Results Publication Date

PR Newswire

London, January 16

Press Release

Krasnodar

January 16, 2017

PJSC “Magnit” Announces the Publication Date of its FY 2016 Unaudited Financial Results Prepared in accordance with the IFRS

Krasnodar, Russia (January 16, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), is pleased to announce the publication date of its FY 2016 unaudited financial results prepared in accordance with the IFRS.

Please be informed that PJSC "Magnit" plans to release its FY 2016 unaudited financial results prepared in accordance with the IFRS and based on the management accounts on Friday, January 27, 2017 at 10:00 AM (Moscow time).

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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, 2016, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,495 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.