Magnit

Regulatory Filings • Nov 16, 2017

MAGNIT PJSC (MGNT)

16-Nov-2017 / 12:06 CET/CEST

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Press Release Krasnodar November 16, 2017

PJSC"Magnit" Announces the Opening of the First DistributionCenter beyond the Polarcircle

Krasnodar, Russia (November 16, 2017): Magnit PJSC, one ofRussia's leading retailers (the"Company", MOEXand LSE:MGNT) announces the opening of a newdistribution center inMurmansk oblast.

Please be informed that the Company opened a new distribution center (DC) inMurmansk oblast. Totalspace of the DC is 33 578 sq. m. Launch ofthe newdistribution facilitywillimprovethe quality ofservicein the North-Western region.

"Magnit"operates 37 distribution centers with their totalcapacity ofabout 1,640 thousand sq. m.

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 ofKrasnodar. As of September 30, 2017, Magnit operated 36 distribution centers and 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 the reviewed 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 of the largest retailers in Europe.

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.: 4877

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