Magnit

Major Shareholding Notification • Jan 14, 2022

National Storage Mechanism | Additional information

MAGNIT PJSC (MGNT)

Magnit announces the changes of the rights of Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit

14-Jan-2022 / 17:15 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 the changes of the rights of Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit

Krasnodar, January 14, 2022: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the acquisition of the right of Marathon Group1 and Alexander Vinokurov to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes").

The Company has been informed of the increase of the share of Votes of Marathon Group to 29.23% (acquisition of additional 4.23% of Votes due to the satisfaction of the corresponding application of Marathon Retail LLC by the FAS of Russia). This amount includes Votes on Magnit shares transferred to VTB Group2 under the repurchase agreements concluded between Marathon Retail LLC and VTB Group.

For more detailed information please see the table and the corresponding notes below.

	Acquisition of the right to dispose Votes	Acquisition of the right to dispose Votes	Acquisition of the right to dispose Votes
Full company or person's name	Marathon Retail Limited Liability Company	MG MARATHON GROUP (CYPRUS) LTD	Vinokurov Alexander Semenovich
Company address	Moscow, Russian Federation	Flat/Office 601, 6th Floor, ANASTASIO BUILDING, Dimitriou Karatasou 15, Strovolos, 2024, Nicosia, Cyprus	-
Taxpayer Id Number	7733314868	-	-
Principal State Registration Number	1177746084779	НЕ 367607	-
Type of the terminated / acquired right to dispose Votes	direct disposal	indirect disposal3	indirect disposal4
Attribute of the terminated / acquired right to dispose Votes	sole disposal	sole disposal	sole disposal
Basis of the termination / acquisition of the right to dispose Votes	conclusion of the agreement, the subject of which is the exercise of the rights, certified by shares (stakes), to dispose a certain number of votes accounted for the voting shares (stakes) in the charter capital of the issuer
Number of Votes and share in the charter capital before the occurrence of the basis	22,860,779 votes / 22.43%	25,477,838 votes / 24.99%	25,477,838 votes / 24.99%
Number of Votes and share in the charter capital after the occurrence of the basis	27,174,137 votes / 26.66%	29,791,196 votes / 29.23%	29,791,196 votes / 29.23%
Date of occurrence of the basis	14.01.2022	14.01.2022	14.01.2022

Notes:

1 - MG MARATHON GROUP (CYPRUS) LTD and its entities, including PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC, Marathon Retail LLC;

2 - VTB Bank (PJSC) or entities included in the group with VTB Bank (PJSC);

3 - MG MARATHON GROUP (CYPRUS) LTD has acquired the right to indirectly dispose the Votes through PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC;

4 - Alexander Vinokurov has acquired the right to indirectly dispose the Votes through MG MARATHON GROUP (CYPRUS) LTD, PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC;

Please follow the link below for more information:

• 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 "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, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 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+.
	###   ### Forward-looking statements This document contains or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

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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.:	136847
EQS News ID:	1269086

End of Announcement	EQS News Service

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