Magnit

AGM Information • Feb 5, 2019

MAGNIT PJSC (MGNT)

05-Feb-2019 / 09:58 MSK

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Press Release | Krasnodar | February 5, 2019

PJSC "Magnit" Announces the Results of the BOD Meeting

Krasnodar, Russia (5 February, 2019): Magnit PJSC (MOEX and LSE: MGNT; "Company", "Issuer"), one of Russia's leading retailers, announces the results of the Board of Directors meeting held on February 4, 2019.

Please be informed that on February 4, 2019 the BOD meeting was held (minutes of the BOD meeting of PJSC "Magnit" are w/o No. of February 4, 2019).

The meeting agenda:

1. Consideration of the shareholders' proposals for the nomination of candidates to the Board of Directors of PJSC "Magnit' to be elected at the annual General Shareholders Meeting of PJSC "Magnit".

2. Consideration of shareholders' proposals to include issues in the agenda of the annual General Shareholders Meeting of PJSC "Magnit".

7 (seven) of the 7 (seven) BOD members participating in the BOD meeting were present.

Quorum to hold the BOD meeting with this agenda is present.

Voting Results:

Item 1-2

Mowat Gregor William - "for", Demchenko Timothy - "for", Simmons James Pat - "for", Makhnev Alexey Petrovich - "for", Foley Paul Michael - "for", Prysyazhnyuk Alexander Mikhailovich - "for", Ryan Charles Emmitt - "for".

The decisions were made.

Content of the decisions:

The decision made on the Item 1.1 on the agenda:

"To include into the list of candidates for election to the Board of directors of PJSC "Magnit" at the annual General Shareholders Meeting to be held following 2018 results the following candidates:

1.Vinokurov Alexander Semyonovich; 2.Zakharov Sergey Mikhailovich; 3.Chirakhov Vladimir Sanasarovich".

The decision made on the Item 1.2 on the agenda:

"To include into the list of candidates for election to the Board of directors of PJSC "Magnit" at the annual General Shareholders Meeting to be held following 2018 results the following candidates:

• 1. Ryan Charles Emmitt;
• 1. Mowat Gregor William;
• 1. Foley Paul Michael;
• 1. Florian Jansen".

The decision made on the Item 1.3 on the agenda:

"To include into the list of candidates for election to the Board of directors of PJSC "Magnit" at the annual General Shareholders Meeting to be held following 2018 results the following candidates:

1. Demchenko Timothy;

2. 1. Makhnev Alexey Petrovich;
3. 1. Simmons James Pat".

The decision made on the Item 1.4 on the agenda:

"To include into the list of candidates for election to the Board of directors of PJSC "Magnit" at the annual General Shareholders Meeting to be held following 2018 results the following candidates:

1. Kuznetsov Evgeniy Vladimirovich;

1. Hans Walter Koch".

The decision made on the Item 2 on the agenda:

"To include in the agenda of the annual General Shareholders Meeting of PJSC "Magnit" to be held following 2018 results the following issue (taking into account wording of decisions on such issues proposed by shareholders):

1. On supplementing the Charter of PJSC "Magnit" with paragraph 8.9.;

2. On amending paragraph 13.12 of the Charter of PJSC "Magnit";

3. 1. On amending subparagraph 32 of paragraph 14.2 of the Charter of PJSC "Magnit";
4. 1. On amending paragraph 14.12 of the Charter of PJSC "Magnit";
5. 1. On amending paragraph 14.12 of the Charter of PJSC "Magnit";
6. 1. On amending subparagraph 43 of paragraph 14.2 of the Charter of PJSC "Magnit";
7. 1. On amending article 30 of the Regulations of the Board of directors of PJSC "Magnit";
8. 1. On supplementing the Regulations of the Board of directors of PJSC "Magnit" with paragraph 35.1.;
9. 1. On amending the article 42 of the Regulations of the Board of directors 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:

Dmitry Kovalenko Media Inquiries Director for Investor Relations Media Relations Department Email: kovalenko_dv3@magnit.ru Email: press@magnit.ru Office: +7-861-277-4554 x 46082

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.: 7364 EQS News ID: 772491

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