Magnit

Delisting Announcement • Apr 17, 2018

MAGNIT PJSC (MGNT)

17-Apr-2018 / 08:38 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 17, 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, April 17, 2018: PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE:MGNT), announces theexclusion of its bonds fromthe"Third Level"Section ofthe List of securitiesadmitted to trading at MoscowExchange.

Please be informed that onApril 16, 2018 exchange-traded bonds of the BO-001P-03 series were excluded fromthe"Third Level" Section of the List ofsecuritiesadmitted to trading at MoscowExchange, dueto their redemption.

Securities market maker: Public Joint-Stock Company Moscow Exchange MICEX-RTS (Moscow Exchange) Type of Non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized

securities: custody of the BO-001P-03 series with identification number 4В02-03-60525-Р-001P as of April 4, 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) RU000A0JWCF4

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 ofRUB1,143 billion and anEBITDAofRUB 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 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5418