Magnit

Regulatory Filings • Nov 27, 2018

MAGNIT PJSC (MGNT)

27-Nov-2018 / 09:56 MSK

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Press Release | Krasnodar | November 27, 2018

PJSC "Magnit" Announces the Holding of the BOD Meeting

Krasnodar, Russia (27 November, 2018): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the holding of the Board of Directors meeting.

On November 26, 2018, the Chairman of the Board of Directors made the decision to hold the BOD meeting of PJSC "Magnit" on November 26, 2018 with the following agenda:

1. Approval of the Regulations on LTI program for key employees of JSC "Tander".

2. Approval of the additional agreement to the agreement with a sole executive body of PJSC "Magnit".

For further information, please contact:

Petr Molchanov Alisa Kvadzba Media Inquiries Chief Investment Officer IR manager Media Relations Department Email: molchanov_ps@magnit.ru Email: magnitIR@magnit.ru Email: press@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.: 6673 EQS News ID: 751559

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