Magnit

AGM Information • Aug 3, 2018

MAGNIT PJSC (MGNT)

03-Aug-2018 / 11:51 MSK

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Press Release Krasnodar August 03, 2018

Magnit Announces the Results of the BOD Meeting

Krasnodar, August 03, 2018: Magnit PJSC, one of Russia's leading retailers (the "Company", "Issuer"; MOEX and LSE: MGNT), is pleased to announcetheresults ofthe BODmeeting held onAugust 01, 2018.

Please beinformed that onAugust 01, 2018 the BODmeetingwas held (minutes of the BODmeeting of PJSC "Magnit"are w/o No. of August 03, 2018).

The meeting agenda:

1. Approval ofthe budget ofPJSC "Magnit"Group ofCompanies for the 2nd half of 2018.

7 (seven) ofthe 7 (seven) BODmembers participating in the BODmeetingwere present.

Quorumto hold the BODmeetingwith thisagendais present.

VotingResults:

Items 1.1

Mowat Gregor William- "for", Demchenko Timothy - "for", Simmons James Pat - "for", MakhnevAlexey Petrovich - "for", Foley Paul Michael - "for", PrysyazhnyukAlexander Mikhailovich - "against", RyanCharles Emmitt - "for".

Items 1.2

Mowat Gregor William- "for", Demchenko Timothy - "for", Simmons James Pat - "for", MakhnevAlexey Petrovich - "for", Foley Paul Michael - "for", PrysyazhnyukAlexander Mikhailovich - "for", RyanCharles Emmitt - "for".

The decisions were made.

Content ofthe decisions: Item1.1 on theagenda: "To approvethe budget ofPJSC "Magnit"Group ofCompanies for the 2nd half of 2018."

Item1.2 on theagenda:

"The management of PJSC "Magnit" shall present detailed information according to the comments of the members of the Board of Directors of PJSC "Magnit"at the next Board meeting."

Forfurtherinformation, please contact:

Dina Svishcheva DeputyDirector, Investor Relations Email:Chistyak@magnit.ru Office:+7-861-277-4554 x 15101

MediaInquiries Media Relations Department press@magnit.ru

Note to editors:

Public Joint Stock Company "Magnit"is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As ofJune 30, 2018, Magnit operated 37 distribution centers and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarketsand 4,000 drogeriestores) in 2,808 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with the unaudited IFRS managementaccounts for 1H2018, Magnit had revenues of RUB 595 billion and an EBITDAof RUB 44 billion. Magnit's localshares are traded on the Moscow Exchange (MOEX:MGNT) and its GDRs on the London Stock Exchange (LSE:MGNT) and it hasacredit rating fromStandard &Poor's ofBB.

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.: 5832 EQS News ID: 710705

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