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Magnit

Capital/Financing Update Mar 6, 2020

6413_rns_2020-03-06_d6cadf60-641d-4b44-8b56-fa8cdbdadd6d.pdf

Capital/Financing Update

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MAGNIT PJSC (MGNT) 05-March-2020 / 16:50 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction in which offers or sales would be prohibited by law. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to purchase or subscribe for, the securities to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The Securities may not be offered or sold in the United States unless registered under the US Securities Act or offered in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act. The offer and sale of the Securities referred to herein has not been and will not be registered under the US Securities Act or under the applicable securities laws of Australia, Canada or Japan. Subject to certain exceptions, the Securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. There will be no public offer of the Securities in the United States, Australia, Canada or Japan or elsewhere.

Members of the general public are not eligible to take part in the sale. In member states of the European Economic Area ("EEA") (each, a "Relevant Member State"), this announcement and any offer if made subsequently is sent and addressed to and directed only at persons who are "qualified investors" within the meaning of the Prospectus Directive ("Qualified Investors"). For these purposes, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU. In the United Kingdom this announcement is sent and distributed to and directed exclusively at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) who fall within Article 49(2)(A) to (D) of the Order, or (iii) to whom it may otherwise lawfully be communicated, and the Securities will only be available to, and any investment activity to which this announcement relates will only be engaged in with, such persons and it should not be relied on by anyone other than such persons.

THIS ANNOUNCEMENT AND MATERIALS CONTAINED IN IT ARE PROVIDED EXCLUSIVELY FOR INFORMATION AND ARE NOT AN OFFER OR A PART OF AN OFFER OR AN INVITATION TO ACQUIRE OR DISPOSE SECURITIES IN ANY JURISDICTION INCLUDING THE USA, AUSTRALIA, CANADA AND JAPAN.

Press Release | Krasnodar | March 5, 2020

PJSC Magnit Announces the Completion of the Exchange-Traded Bonds Placement

Krasnodar, Russia (March 5, 2020): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the completion of the Exchange-traded bonds placement.

Parameters of the bonds placement:

Type
of
securities:
Non-convertible
interest-bearing
uncertified
exchange-traded
bonds
of
PJSC
Magnit
of
the
BO
002P-01
series
with
centralized
accounting
of
rights,
placed
under
the
Program
of
the
exchange
traded
bonds
of
002P
series
with
the
identification
number
of
4-60525-P-002P-02E
as
of
27.07.2016
(hereinafter
-
the
Exchange-traded
bonds),
ISIN
RU000A101HJ8
Registration
number
assigned
to
the
issue
and
the
date
of
assignment:
4B02-01-60525-P-002P
as
of
04.03.2020
International
securities
identification
number
(ISIN)
RU000A101HJ8
Authority
which
has
assigned
the
registration
number
to
the
securities
issue:
Public
Joint-Stock
Company
Moscow
Exchange
MICEX-RTS
Maturity
date:
1
092
(one
thousand
ninety
second)
day
from
the
commencing
date
of
the
Exchange-traded
bonds
placement
Amount
of
placed
securities:
15,000,000
bonds
Nominal
value:
1,000
rubles
each
Placement
method:
open
subscription
Date
of
the
actual
initiation
of
the
placement:
March
5,
2020
Date
of
the
actual
completion
of
the
placement:
March
5,
2020
Share
of
the
placed
Share
of
the
placed
securities
out
of
the
total
number
of
securities
subject
to
placement:
100%
Actual
placement
price:
15,000,000
Exchange-traded
bonds
were
placed
at
the
price
of
1,000
rubles
per
each
bond
(100%
of
the
nominal
value
of
one
Exchange-traded
bond)
Payment
method:
The
payment
of
15,000,000
Exchange-traded
bonds
was
made
with
monetary
funds
in
Russian
rubles
by
means
of
non-cash
settlement

Dmitry Kovalenko

Director for Investor Relations Email: dmitry\[email protected] Office: +7 (861) 210-48-80

Dina Chistyak Director for Investor Relations Email: dina\[email protected] Office: +7 (861) 210-9810 x 15101

Media Inquiries

Media Relations Department Email: [email protected]

Standard & Poor's of BB.

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 December 31, 2019, Magnit operated 38 distribution centres and 20,725 stores (14,622 convenience, 473 supermarkets and 5,630 drogerie stores) in 3,742 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for FY 2019, Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 83 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

ISIN: US55953Q2021 Category Code: MSCU TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 50631 EQS News ID: 990471

End ofAnnouncementEQS News Service

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