Magnit

Board/Management Information • Dec 18, 2015

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PJSC MAGNIT - Change of Share of the Management Board Members

PR Newswire

London, December 18

Press-release

Krasnodar

December 18, 2015

PJSC “Magnit” Announces the Change of Share of the Management Board Members in the Charter Capital

Krasnodar, December 18, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share of the Management Board members in the charter capital.

On December 18, 2015 the Company was notified of the following changes of share of the Management Board members in the charter capital.

Name and position	Share in the charter capital before change	Share of the ordinary shares before change	Share in the charter capital after change	Share of the ordinary shares after change	Date of change
Ilya Sattarov Member of the Management Board	0,001540%	0,001540%	0,001539%	0,001539%	December 9, 2015
Ilya Sattarov Member of the Management Board	0,001539%	0,001539%	0,001328%	0,001328%	December 11, 2015
Ilya Sattarov Member of the Management Board	0,001328%	0,001328%	0,002217%	0,002217%	December 14, 2015
Ilya Sattarov Member of the Management Board	0,002217%	0,002217 %	0,002215%	0,002215%	December 15, 2015
Ilya Sattarov Member of the Management Board	0,002215%	0,002215%	0,001582%	0,001582%	December 17 , 2015
Alexander Barsukov Member of the Management Board	0,0%	0,0%	0,000888%	0,000888%	December 14, 2015
Marina Ivanova Member of the Management Board	0,002119%	0,002119%	0,001189%	0,001189%	December 11, 2015
Marina Ivanova Member of the Management Board	0,001189%	0,001189%	0,002077%	0,002077%	December 14, 2015
Marina Ivanova Member of the Management Board	0,002077%	0,002077%	0,001125%	0,001125%	December 15,2015
Sergey Galitskiy Chairman of the PJSC “Magnit” Management Board, Member of the PJSC “Magnit” Board of Directors, Chief Executive Officer of PJSC “Magnit”	36,4927%	36,4927%	38,6659%	38,6659%	December 14,2015

For further information, please contact:

Timothy Post	Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562
Investor Relations Office	MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/
Media Inquiries	Media Relations Department press@magnit.ru

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock 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.