Magnit

Share Issue/Capital Change • Feb 21, 2018

MAGNIT PJSC (MGNT)

21-Feb-2018 / 07:29 CET/CEST

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Press Release Krasnodar February 21, 2018

PJSC"Magnit" Announces the Change of Share in the CharterCapital

Krasnodar, February 21, 2018: PJSC "Magnit", one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the change of share in thecharter capital of PJSC "Magnit" (ordinary shares stake) owned byKhachatur Pombukhchan, Chief Executive Officer of PJSC "Magnit", the member of the PJSC "Magnit"Board of Directors, thechairman ofthe PJSC "Magnit"Management Board.

Nameand position ofthe person:	Khachatur Pombukhchan, Chief Executive Of icer of PJSC "Magnit", the member of the PJSC "Magnit" Board of Directors, thechairman of the PJSC "Magnit" Management Board
Company:	Public Joint Stock Company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia
Sharein thechartercapital beforechange:	0%
Ordinary shares stake beforechange:	0%
Sharein thechartercapitalafterchange:	0.012266%
Ordinary shares stakeafterchange:	0.012266%
Date ofchange ofsharein thechartercapital:	February 20, 2018
Date ofthefact being reported:	February 21, 2018

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 ofDecember 31, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family storesand 3,774 drogeriestores) in 2,709 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDAof RUB 92 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 ofthelargest 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.: 5228