Magnit

Pre-Annual General Meeting Information • Apr 6, 2018

MAGNIT PJSC (MGNT)

06-Apr-2018 / 08:01 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release Krasnodar April 6, 2018

PJSC "Magnit" Announces Additional Information with regards to Candidates, nominated to the Board of Directors by Sergey Galitsky

Krasnodar, Russia (April 6, 2018): Magnit PJSC, one of Russia's leading retailers (MOEX and LSE:MGNT), announcesadditional information with regards to candidates, nominated to the Board of Directors by SergeyGalitsky.

Ahead of the upcoming Extraordinary General Meeting (EGM) of PJSC "Magnit"(the "Company" or "Magnit") to be held onApril 19th, 2018, at which a new Board ofDirectors will be elected, the Company would like to release additional information with regards to candidates, nominated to the Board ofDirectors by SergeyNikolayevichGalitsky.

After the sale of a 29.1% stake in Magnit to VTB Group, Sergey Galitsky has fully resigned from the operational management of the Company, however, remainsasignificantminority shareholder with approximately 2.7% stakein the Company.Asa minority shareholderand thefounder ofthe Company, Sergey Galitsky would like to ensure further successful development of Magnit's business, as such he has nominated the following Directorcandidates into the newBoard who in his viewshould contributeto further growth ofthe Company:

Gregor Mowat PaulFoley Khachatur Pombukhchan Ilya Sattarov Charles Ryan

Sergey Galitsky believes that his proposed nominees, including 3 independent directors, are the best-in-class professionals experienced inmanaging the leading retailcompanies and developing best practice corporate governance standards in public companies, and these Directors, ifelected, will contributeto asuccessfulsustainable growth ofthe businessand increaseinMagnit'sequity value.

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 theaudited IFRS results for 2017, Magnit had revenues ofRUB 1,143 billion and an EBITDAofRUB 92 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard &Poor's ofBB. Measured bymarketcapitalization, Magnit is one ofthelargest retailers inEurope.

ISIN: US55953Q2021 Category Code:MSCU TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 Sequence No.: 5370

End ofAnnouncementEQS News Service