Magnit

Board/Management Information • Nov 13, 2017

MAGNIT PJSC (MGNT)

13-Nov-2017 / 17:18 CET/CEST

Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release Krasnodar November 13, 2017

PJSC "Magnit"Announces the Change of Share of the Entity underthe Issuer's Control

Krasnodar, November 13, 2017: PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer", MOEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer's control.

Fullcompany name and address:	Joint Stock Company "Tander" 185, Levanevskogo street, Krasnodar, Russia 2310031475
Taxpayer Id Number:
Principal State Registration Number:	1022301598549
Object of acquisition:	Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8
Acquisition of shares
Date of change:	November 13, 2017
Date of the fact being reported to the Issuer:	November 13, 2017
Amount of acquired shares:	1,500,000 shares (1.586272%of the totalequity)
Basis for acquisition:	Receipt of shares under Security transfer agreement
Amount of votes before acquisition:	0 votes (0.0%of the total number of votes)
Amount of votes after acquisition:	1,500,000 votes (1.586272%of the total number of votes)

	1 Details of the person discharging managerial responsibilities/person closely associated
	a) Name	Joint Stock Company "Tander" (JSC "Tander")
2	Основание для направления уведомления
	Reason for the notification
	a) Position/status	Notification concerns a person closely associated with a person discharging managerial responsibilities: Denis Fedotov (CEO of JSC "Tander")
	b) Initial notification/ Amendment	Initial notification
	3 Details of the issuer
	a) 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 type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a) Description of the financial instrument, type of instrument Identification code	Share ISIN RU000A0JKQU8
	b) Nature of the transaction	Receipt of shares under Security transfer agreement
	c) Price(s) and volume(s)	Price Volume 0 1,500,000
	Aggregated information

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

Price Aggregated volume

d) - Aggregated volume - Price	Price Aggregated volume 0 1,500,000
e) Date of the transaction	November 13, 2017
f) Place of the transaction	outside a trading venue

Forfurtherinformation, please contact:

Timothy Post	Head ofInvestor Relations Email: post@magnit.ru Office:+7-861-277-4554 x 17600
Dina Svishcheva	DeputyDirector, Investor Relations Email:Chistyak@magnit.ru Office:+7-861-277-4554 x 15101
MediaInquiries	Media Relations Department press@magnit.ru

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.: 4841

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