Magnit

Board/Management Information • Oct 10, 2018

10-Oct-2018 / 15:31 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar | October 10, 2018

PJSC "Magnit" Appoints Petr Molchanov as Chief Investment Officer

Krasnodar, Russia (October 10, 2018): Magnit PJSC (MOEX and LSE: MGNT; Company, Group), one of Russia's leading retailers, is pleased to announce the appointment of Petr Molchanov as its Chief Investment Officer.

In his role as CIO, Petr will be responsible for Magnit's capital markets and M&A activities as well as for communication with shareholders, investors and analysts.

Paul Foley, Deputy Chairman of Magnit Board and the Chairman of the Capital Markets Committee commented: "We are delighted Petr is joining our team in this period of transformation as Magnit's Chief Investment Officer. He brings with him many years of transaction experience as well as a deep and granular knowledge of the industry and market participants. Petr is held in high regard in the financial community, and his hire further demonstrates the Company's commitment to open and clear communication with our shareholders and the wider investment community".

Petr Molchanov joins Magnit from Renaissance Capital where he served as the Head of Investment Banking Russia. Previously, he held a number of senior positions in the global investment banking industry. He started his career as a research analyst at Deutsche Bank and at Ernst & Young.

Petr holds a Ph. D. in Economics from Moscow State University. He is an alumnus of the Fox International Fellowship Program for post-graduate students at Yale University. He graduated from Moscow State University with Bachelor's and Master's degrees in Economics and Management.

For further information, please contact:

Dina Svishcheva Media Inquiries Head of IR Media Relations Department Email: Chistyak@magnit.ru Email: press@magnit.ru Office: +7-861-277-4554 x 15101

Note to editors:

Publ ic Joint Stock Compa ny "Magnit" is one of Russia's lea ding retai lers. Founded in 1994, the compa ny is hea dquartered in the s outhern Russia n city of Kras nodar. As of June 30, 2018, Magnit operated 37 distribu,on centers a nd 16,960 stores (12,503 convenience, 244 hypermarkets, 213 s upermarkets a nd 4,000 drogerie stores) in 2,808 ci,es a nd towns throughout 7 federal regions of the Russia n Federa,on.

In accorda nce with the reviewed IFRS cons ol idated fina ncial statements for 1H 2018, Magnit ha d revenues of RUB 595 bi l l ion a nd a n EBITDA of RUB 44 bi l l ion. Magnit's local s hares are tra ded on the Moscow Excha nge (MOEX: MGNT) a nd its GDRs on the London Stock Excha nge (LSE: MGNT) a nd it has a credit ra,ng from Sta ndard & Poor's of BB.

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.: 6162 EQS News ID: 732171

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