Magnit

Board/Management Information • Apr 28, 2018

MAGNIT PJSC (MGNT)

28-Apr-2018 / 17:20 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 28, 2018

PJSC"Magnit" Announces the Holding of the BOD Meeting

Krasnodar, April 28, 2018: Magnit PJSC, one ofRussia's leading retailers (the"Company", MOEXand LSE:MGNT), is pleased to announcethe holding ofthe Board of Directors meeting.

OnApril 28, 2018, the decision to hold the BODmeeting ofPJSC "Magnit" onMay 04, 2018 with thefollowing agenda was made:

• 1. Election ofthe Chairman ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Election ofthe DeputyChairman ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Election ofthe Secretary ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Approval ofRegulations on the Committees ofthe Board ofDirectors ofPublicJoint Stock Company "Magnit "(newedition).
• 1. Formation oftheAudit Committee ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Election ofthe Chairman oftheAudit Committee ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Formation ofthe HRand RemunerationCommittee ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Election ofthe Chairman ofthe HRand RemunerationCommittee ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Formation of the StrategyCommittee ofthe Board ofDirectors ofPJSC "Magnit".
• 1. Election ofthe Chairman ofthe StrategyCommittee ofthe Board ofDirectors ofPJSC "Magnit".

Forfurtherinformation, please contact:

Head ofInvestor Relations Email: post@magnit.ru Office:+7-861-277-4554 x 17600
DeputyDirector, Investor Relations Email:Chistyak@magnit.ru Office:+7-861-277-4554 x 15101
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 ofMarch 31, 2018, Magnit operated 37 distribution centersand 16,625 stores (12,283 convenience, 242 hypermarkets, 210 Magnit Family storesand 3,890 drogeriestores) in 2,764 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 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5488 EQS News ID: 680639

End ofAnnouncementEQS News Service