MAGNIT PJSC (MGNT)

31-Oct-2017 / 14:27 CET/CEST

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Press Release Krasnodar October 31, 2017

PJSC "Magnit" notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them

Krasnodar, Russia (October 31, 2017): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), notifies on thetransactions by persons dischargingmanagerialresponsibilitiesand personsclosely associated with them.

Notification and public disclosure of transactions by persons discharging managerialresponsibilities and persons closely associated with them

	1 Details of the person discharging managerial responsibilities/person closely associated
	а) Name	"Magnit" Joint-Stock Non-Government Pension Fund ("Magnit" JSNPF)
		2 Reason forthe notification
	а) Position/status	Notification concerns a person closely associated with a person discharging managerial responsibilities: Sergey Galitskiy (member of the BOD, Chairman of the Management Board & CEO of PJSC "Magnit")
	b) Initial notification/ Amendment	Initial notification
	3 Details of the issuer
	а) Name	Public Joint Stock Company "Magnit"
	b) LEI	2534009KKPTVL99W2Y12
		4 Details of the transaction(s): section to be repeated for(i) each type of instrument; (ii) each typ e of transaction; (iii) each date; and (iv) each place where transactions have been conducted
а)	Description of the financial instrument, type of instrument Identification code	Share ISIN RU000A0JKQU8
b)	Nature of the transaction	Non-State Pension Funds" of May 7, 1998.			Acquisition of securities by Limited Liability Company "Management Company "Premier-Liga" under the agreement on the fiduciary management of pension savings executed between "Magnit" JSNPF and Limited Liability Company "Management Company "Premier-Liga" in accordance with the Federal Law No.75-FZ "On
	Price(s) and volume(s)		Цена сделки (RUB.) Объемсделки
			8140	93
			8140	352
			8140	55
			8140	2
			8140	30
			8140	24
			8140 8140	50 6
			8140	6
			8140	6
			8140	6
			8140	10
			8140	73
			8140	5

		8140 80
		8140 79
		8140 68
		8140 55
		8140 32
		8140 49
		8140 80
		8140 35
c)		8140 32
		8140 49
		8140 37
		8140 18
		8140 8
		8140 20
		8140 6
		8140 30
		8140 75
		8140 6
		8140 31
		8140 8
		8140 48
		8140 77
		8140 50
		8140 25
		8140 60
		8140 73
		8140 29
		8140 38
		8140 31
		8140 6
		8140 3
		8140 4

		(RUB.) Aggregated volume
	Aggregated	Price
d)	information	8 140,00 1 960
	- Aggregated volume - Price

	e) Date of the	October 27, 2017
	transaction

	f) Place of the	Moscow Exchange (MISX)
	transaction

Forfurtherinformation, please contact:

Timothy Post	Head ofInvestor Relations Email: [email protected] Office:+7-861-277-4554 x 17600
Dina Svishcheva	DeputyDirector, Investor Relations Email:[email protected] Office:+7-861-277-4554 x 15101
MediaInquiries	Media Relations Department [email protected]

Company description:

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 ofSeptember 30, 2017, Magnit operated 36 distribution centersand 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogeriestores) in 2,664 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with thereviewed IFRS consolidated financialstatements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDAof RUB 49 billion. Magnit's localshares 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+. Measured by market capitalization, Magnit is one ofthe largest retailers in Europe.

ISIN: US55953Q2021 Category Code: DSH TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 4795

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