Magnit

Delisting Announcement • Feb 28, 2018

MAGNIT PJSC (MGNT)

28-Feb-2018 / 15:46 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release Krasnodar February 28, 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, February 28, 2018: PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT), announces the exclusion ofits bonds fromthe"Third Level"Section ofthe List of securitiesadmitted to trading at MoscowExchange.

Please beinformed that on February 28, 2018 exchange-traded bonds of the BO-001P-02 series were excluded fromthe"Third Level" Section of the List ofsecuritiesadmitted to trading at MoscowExchange, dueto their redemption.

placed under the Exchange-traded bonds program with identification number 4-60525-Р-001P-02E as of

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 o f the BO-001P-02 series with identification number 4В02-02-60525-Р-001P as of February 24, 2016,

23.10.2015, International Securities Identification Number (ISIN) RU000A0JW662

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 EBITDA of 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.

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