Magnit

Delisting Announcement • Jan 9, 2018

MAGNIT PJSC (MGNT)

09-Jan-2018 / 07:47 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press-release Krasnodar January 9, 2018

PJSC"Magnit" Announces the Exclusion of its Bonds fromthe "Third Level" Section of the List of Securities Admitted to Trading at MoscowExchange due to theirRedemption

Krasnodar, January 9, 2018: PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces theexclusion ofits bonds fromthe"Third Level"Section ofthe List of securitiesadmitted to trading at MoscowExchange.

Please be informed that onDecember 29, 2017 exchange-traded bonds of the BO-001P-04 series were excluded fromthe Level 3 of the List of securitiesadmitted to trading at MoscowExchange, dueto their redemption.

Securities market maker: Public Joint-Stock Company Moscow Exchange MICEX-RTS (Moscow Exchange) Type of securities: Non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of the BO-001P-04 series with identification number 4В02-04-60525-Р-001P as of June 30, 2016, placed under the Exchange-traded bonds program with identification number 4-60525-Р-001P-02E as of 23.10.2015, International Securities Identification Number (ISIN) RU000A0JWML1

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 hasacredit rating fromStandard &Poor's ofBB. Measured bymarketcapitalization, Magnit is one of thelargest retailers inEurope.

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.: 5081