Magnit

AGM Information • Dec 25, 2020

PJSC "MAGNIT" EXTRAORDINARY GENERAL SHAREHOLDERS MEETING VOTING RESULTS AND ADOPTED DECISIONS

1. General information
1.1. Full company name of the issuer (for a noncommercial organization - name)	Public Joint Stock Company "Magnit"
1.2. Short company name of the issuer	PJSC "Magnit"
1.3. Address of the issuer	15/5 Solnechnaya street, Krasnodar, Russian
	Federation
1.4. Principal State Registration Number of the issuer	1032304945947
1.5. Taxpayer Identification Number	2309085638
1.6. Unique code of the issuer, assigned by the registration authority	60525-Р
1.7. Website used by the issuer for information disclosure	https://www.e
	disclosure.ru/portal/company.aspx?id=7671;
	https://www.magnit.com/
1.8. Date of event (material fact) on which the report is made (if applicable)	December 25, 2020
2. Report content

2.1. Type of the issuer's general shareholders meeting (annual (ordinary), extraordinary): extraordinary.

2.2. Form of the issuer's general shareholders meeting (meeting (joint presence) or absentee voting): absentee voting.

2.3. Date, venue, time of the issuer's general shareholders meeting:

Date of holding the general shareholders meeting (deadline for submitting the voting ballots (date of the General Shareholders Meeting): December 24, 2020.

Postal address to which the completed voting ballots may be delivered: 15/5 Solnechnaya street, Krasnodar, 350072, Russia.

2.4. Quorum of the issuer's general shareholders meeting:

Number of votes on the voting shares of the company on each agenda item of general meeting, determined in accordance with the provisions of paragraph 4.24 of the Regulation on the additional requirements to the procedure of preparation, calling and holding of the general shareholders meeting, approved by the Bank of Russia on November 16, 2018 No. 660-П:

on the agenda item № 1 "Payment of dividends on PJSC "Magnit" shares following the results of 9 months of 2020" – 101,911,355 votes;

on the agenda item № 2 "Approval of the new version of the Articles of Association of PJSC "Magnit" – 101,911,355 votes;

on the agenda item № 3 "Approval of the new version of the Regulations on the collective executive body (Management Board) of PJSC "Magnit" – 101,911,355 votes.

Quorum is present to take decisions on all agenda items of the extraordinary general shareholders meeting.

Number of votes of shareholders participated in the general shareholders meeting:

on the agenda item № 1 "Payment of dividends on PJSC "Magnit" shares following the results of 9 months of 2020" – 70,798,317 votes;

on the agenda item № 2 "Approval of the new version of the Articles of Association of PJSC "Magnit" – 70,798,317 votes;

on the agenda item № 3 "Approval of the new version of the Regulations on the collective executive body (Management Board) of PJSC "Magnit" – 70,798,317 votes;

The quorum is present to take decisions on all agenda items of the annual General Shareholders Meeting.

2.5. Agenda of the issuer's general shareholders meeting:

• 1. Payment of dividends on PJSC "Magnit" shares following the results of 9 months of 2020;
• 2. Approval of the new version of the Articles of Association of PJSC "Magnit";
• 3. Approval of the new version of the Regulations on the collective executive body (Management Board) of PJSC "Magnit".

2.6. Voting results on the agenda items of the issuers general shareholders meeting, where quorum is present, and the decision's statements, adopted by the issuers general shareholders meeting:

on the 1st agenda item "Payment of dividends on PJSC "Magnit" shares following the results of 9 months of 2020":

«for» - 70,764,721 votes, which amounts to 99.95% of the total votes of the shareholders participated in the

general shareholder's meeting and entitled to vote on this item;

«against» - 0 votes, which amounts to 0.0000% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

«abstained» - 0 votes, which amounts to 0.0000% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

Adopted decision:

"To pay dividends on PJSC "Magnit" ordinary shares following the results of the 9 months results of 2020 in the amount of ₽ 24,999,874,495.05 (Twenty four billion nine hundred and ninety nine million eight hundred and seventy four thousand four hundred and ninety five rubles 05 kopecks), which amounts to ₽ 245.31 (Two hundred and forty five rubles 31 kopecks) per one ordinary share.

To set the following date as the record date on which persons entitled to dividends are determined: January 8, 2021.

To pay dividends in cash pursuant to the procedure and within the time limit prescribed by the Russian legislation".

on the 2nd agenda item "Approval of the new version of the Articles of Association of PJSC "Magnit":

«for» - 66,646,033 votes, which amounts to 94.14% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

«against» - 1,845,626 votes, which amounts to 2.61% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

«abstained» - 2,273,062 votes, which amounts to 3.21% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item.

Adopted decision:

"To approve the new version of the Articles of Association of PJSC "Magnit".

on the 3rd agenda item "Approval of the new version of the Regulations on the collective executive body (Management Board) of PJSC "Magnit":

«for» - 66,646,033 votes, which amounts to 94.14% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

«against» - 1,845,626 votes, which amounts to 2.61% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item;

«abstained» - 2,273,062 votes, which amounts to 3.21% of the total votes of the shareholders participated in the general shareholder's meeting and entitled to vote on this item.

Adopted decision:

"To approve the new version of Regulations on the collective executive body (Management Board) of PJSC "Magnit".

2.7. Date and number of the minutes of the general meeting: minutes w/o № as of December 25, 2020.

2.8. Identification characteristics of shares the holders of which are entitled to participate in the general shareholders meeting of the issuer: ordinary registered uncertified shares, state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8.