Magnit

AGM Information • May 18, 2018

MAGNIT PJSC (MGNT)

18-May-2018 / 08:56 CET/CEST Dissemination of a RegulatoryAnnouncement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release Krasnodar May 18, 2018

MagnitAnnounces the Summary of the BoD Meeting Results

Krasnodar, May 18, 2018: Magnit PJSC, one of Russia's leading retailers (the "Company", MOEX and LSE: MGNT),announces the results of the Board ofDirectors meeting.

Please beinformed that onMay 17, 2018 Magnit held a Board ofDirectors (BoD) meeting. The key decisions madeat the meeting areas follows:

1. To hold the Annual General Shareholders Meeting (AGM) in the form of the presence of shareholders on June 21, 2018 at 11:00 AM (Moscowtime)at thefollowing address: 15/4 Solnechnayastreet, Krasnodar, Russia.

Registration:June 21, 2018 at 10:00AM(Moscowtime).

Postaladdress to send thecompleted voting ballots: 15/5 Solnechnaya Street, Krasnodar, 350072, Russia.

2. The AGM RecordDate: May 28, 2018.

1. Dividends:to recommend to the AGM thefollowing amount of dividends on PJSC "Magnit"shares following theresults of the 2017 reporting yearand the procedure ofits payment:

Totalamount of dividends - 13,808,988,602.50 rubles;

Amount of dividends per share- 135.50 rubles.

The DividendRecordDate: July 06, 2018.

Pleasefollowthelink belowto viewfullresults ofthe BoDmeeting: http://ir.magnit.com/en/press-releases/reg-filings\_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 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:2.2. Inside information Sequence No.: 5561 EQS News ID: 687505

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