Magnit

Regulatory Filings • Jul 16, 2018

MAGNIT PJSC (MGNT)

13-Jul-2018 / 18:05 MSK

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Press Release Krasnodar July 13, 2018

PJSC"Magnit" Announces the Holding of the BOD Meeting

Krasnodar, July 13, 2018: Magnit PJSC, one ofRussia's leading retailers (the"Company", MOEXand LSE:MGNT), is pleased to announce the holding ofthe Board of Directors meeting.

On July 13, 2018, the Chairman ofthe Board ofDirectors madethe decision to hold the BODmeeting ofPJSC "Magnit" on July 19, 2018 with the following agenda:

• 1. Approval ofthecontract formwith a member ofthe Management Board ofPJSC "Magnit".
• 1. Approval ofthecontract formwith asoleexecutive body (ChiefExecutive Officer) ofPJSC "Magnit".
• 1. Determination of the position of the PJSC "Magnit"representative at the exercise of the voting right on shares in the charter capital of LLC "Tandem"owned by the Company.

Forfurtherinformation, please contact:

Dina Svishcheva 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:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5747 EQS News ID: 704593

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