Magnit

Board/Management Information • Oct 10, 2017

MAGNIT PJSC (MGNT)

10-Oct-2017 / 15:43 CET/CEST

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Press Release Krasnodar October 10, 2017

Magnit Tops the List of Russia's Largest Employers by Forbes

Krasnodar, Russia (October 10, 2017): Magnit, one of Russia's leading retailers (MOEX and LSE: MGNT), tops the list of the largest Russia's employers.

Please be informed that "Magnit"retailchain topped the list of the largest Russia's employers among the companies included in the Annual Ranking ofthe 200 Biggest Russia's NongovernmentalCompanies by Forbes business magazine.

Pleasefollowthelink belowto viewthefull version ofthelist: http://www.forbes.ru/karera-i-svoy-biznes/351113-10-krupneyshih-rabotodateley-rossii-sredi-chastnyh-kompaniy-2017

Forfurtherinformation, please contact:

Timothy Post Head ofInvestor Relations Email: post@magnit.ru Office:+7-861-277-4554 x 17600

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

MediaInquiries Media Relations Department press@magnit.ru

Company description:

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, 2017, Magnit operated 35 distribution centersand 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogeriestores) in 2,567 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with thereviewed IFRS consolidated financialstatements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDAof RUB 49 billion. Magnit's localshares are traded on the Moscow Exchange (MOEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one ofthe largest retailers in Europe.

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.: 4721

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