Magnit

Board/Management Information • Jan 31, 2019

MAGNIT PJSC (MGNT)

31-Jan-2019 / 09:55 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar | January 31, 2019

PJSC "Magnit" Announces the Holding of the BOD Meeting

Krasnodar, Russia (31 January, 2019): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the holding of the Board of Directors meeting.

O n January 30, 2019, the Chairman of the Board of Directors made the decision to hold the BOD meeting of PJSC "Magnit" on January 30, 2019 with the following agenda:

1. Inclusion of a candidate on the list of nominees for election to the PJSC "Magnit" Board of Directors at the Annual General Shareholders Meeting of PJSC "Magnit".

Items of the agenda of PJSC "Magnit" Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.

For further information, please contact:

Petr Molchanov Media Inquiries Chief Investment Officer Media Relations Department Email: molchanov_ps@magnit.ru Email: press@magnit.ru Office: +7-861-277-4554 x 45000

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.: 7301 EQS News ID: 771223

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