Magnit

Board/Management Information • Apr 2, 2018

MAGNIT PJSC (MGNT)

02-Apr-2018 / 11:00 CET/CEST

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Press Release Krasnodar April 2, 2018

PJSC"Magnit" Announces CFOAppointment

Krasnodar, Russia (April 2, 2018): Magnit PJSC, one of Russia's leading retailers (MOEX and LSE:MGNT) announces Chief Financial Officer appointment.

Elena Milinova has been appointed as Chief Financial Officer (CFO) of the Company. The position was vacant from February 17, 2018 when Khachatur Pombukhchanwasappointed as ChiefExecutive Officer (CEO) of"Magnit".

Elena Milinova will be responsible for all thesets of issues related to the Company's financial operations, as well as, new financial strategy developmentand implementation.

"Magnit"CEO Khachatur Pombukhchan commented:

"Elena Milinova has great financialexperience, is highly professionaland, most importantly, she is very familiar with retail. I am confident that her deep knowledge and personalskills willenhancetheefficient implementation of our strategic plans. We are delighted that such a strong manager is joining our team".

Elena Milinovasaid:

"Magnit" is a legend company which faces challenging but interesting tasks. I hope that our joint efforts will return it to aleadership position in industry".

In 2000, Elena Milinova graduated fromTolyattiAcademy of Management, specialising in Finance and Credit. In 2000-2004, she worked at the Russian office ofPricewaterhouseCoopers,an internationalauditcompany, in 2004-2007, she wasemployed with at Geotransgazand Sollers ST.

In 2007-2014, Elena headed the financial unit of KAMAZ PJSC as the deputy general director and member of the group's board, in 2014-2016, she worked as the generalfinancial director ofХ5 RetailGroup.

InAugust 2017, Elena Milinova became a financial director of Mega Farmpharmacy chain (member of Marathon Group), and in Decemb er, she wasappointed the director foreconomy and finance ofMarathonGroup.

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 ofKrasnodar. As ofDecember 31, 2017, Magnit operated 37 distribution centersand 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family storesand 3,774 drogeriestores) in 2,709 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with theaudited IFRS results for 2017, Magnit had revenues ofRUB 1,143 billion and an EBITDAofRUB 92 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard &Poor's ofBB. Measured bymarketcapitalization, Magnit is one of thelargest retailers inEurope.

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.: 5354

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