Magnit

Board/Management Information • Jul 19, 2021

National Storage Mechanism | Additional information

MAGNIT PJSC (MGNT)

Magnit announces results of Board meeting

19-Jul-2021 / 17:55 MSK

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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Magnit announces results of Board meeting

Krasnodar, Russia (July 19, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on July 18, 2021.

The Company continues to strengthen its Management Board aiming at more efficient decision-making. The Board has determined that the Management Board will consist of 13 members, effective July 22, 2021.

The following new members have been elected to the Management Board with effect from July 22, 2021:

Member of the Management Board	Share in charter capital (stake of ordinary shares owned by the member)
Pavel Lokshin	0%
Fyodor Pavlovsky	0%
Andrey Lukashevich	0%

The board has decided to terminate the powers of Florian Jansen, a member of the Management Board of PJSC Magnit, pursuant to the agreement to terminate his employment contract.

Please follow the links below to view full results of the Board meeting:

• http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian language);
• https://www.magnit.com/ru/disclosure/regulatory-news/ (in Russian language);
• https://www.magnit.com/en/disclosure/regulatory-news/#tabs-Disclosure (in English)

		### For further information, please contact: Dina Chistyak Head of Investor Relations  dina_chistyak@magnit.ru Office: +7 (861) 210 9810 x 15101 Media Inquiries                    Twitter press@magnit.ru                    @MagnitIR

### 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 March 31, 2021, Magnit operated 39 distribution centers and 21,900 stores (15,098 convenience, 471 supermarkets and 6,331 drogerie stores) in 3,770 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS 16 results for FY 2020, Magnit had revenues of RUB 1,553.8 billion and an EBITDA of RUB 178.2 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.

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ISIN:	US55953Q2021
Category Code:	MSCU
TIDM:	MGNT
LEI Code:	2534009KKPTVL99W2Y12
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	117958
EQS News ID:	1220017

End of Announcement	EQS News Service

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