Magnit

AGM Information • Dec 19, 2014

National Storage Mechanism | Additional information

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PJSC MAGNIT - EGM Results

PR Newswire

London, December 19

Press-releaseKrasnodarDecember 19, 2014PJSC "Magnit" Announces the EGM ResultsKrasnodar, December 19, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the results of theExtraordinary General Shareholders Meeting.Please be informed that the EGM of PJSC "Magnit" was held on December 18, 2014.Positive decisions were made by the general shareholders meeting on thefollowing agenda items put to a vote:- to pay dividends on PJSC "Magnit" shares following the results of the 9months of 2014 financial year;- to approve major related party transactions.For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.