Magnit

Transaction in Own Shares • Nov 8, 2018

08-Nov-2018 / 17:30 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar | November 08, 2018

PJSC "Magnit" Reports on Transactions within the Share Buy-Back Programme

Krasnodar, Russia (November 08, 2018): Magnit PJSC (MOEX and LSE: MGNT) (the "Company"), one of Russia's leading retailers, announces that Renaissance Broker LLC ("Renaissance") has, between November 01, 2018 and November 07, 2018, made purchases of the Company's ordinary shares (ISIN: RU000A0JKQU8) (the "Shares") on the Moscow Exchange pursuant to the Company's share buyback programme announced on August 21, 2018 subject to the amendments announced on October 5, 2018 (the "Programme"). Aggregated and detailed information regarding such purchases is set out below.

The Shares have been or will be sold by Renaissance to JSC Tander (a subsidiary of the Company) at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.

Aggregated Information

Date	Shares purchased	Highest price paid per Share Lowest	price paid per Share	VWAP per Share
			(RUB)
01.11.2018	106,548	3,646.50	3,605.00	3,621.91
02.11.2018	109,456	3,683.50	3,626.00	3,653.30
06.11.2018	30,462	3,733.50	3,690.50	3,705.58
07.11.2018	20,667	3,727.00	3,666.50	3,706.50

Schedule of Purchases:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades conducted by Renaissance under the Programme during the period to which this announcement relates is available on the pages linked below:

• http://ir.magnit.com/en/information-disclosure/reports-on-buy-back/ (in english);
• http://ir.magnit.com/ru/raskryitie-informatsii/soobshheniya-na-etapah-protseduryi-obratnogo-vyikupa-aktsiy/ (in russian);
• http://www.e-disclosure.ru/portal/files.aspx?id=7671&type=10 (in russian)

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

For further information, please contact

Petr Molchanov Alisa Kvadzba Chief Investment Officer IR manager Email: molchanov_ps@magnit.ru Email: magnitIR@magnit.ru Office: +7-861-277-4554 x 45000 Office: +7-861-277-4554 x 17601

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 September 30, 2018, Magnit operated 37 distribu,on centers a nd 17,442 stores (12,813 convenience, 457 s upermarkets a nd 4,172 drogerie stores) in 2,866 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.: 6471 EQS News ID: 743385

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