Magnit

Board/Management Information • Apr 15, 2018

MAGNIT PJSC (MGNT)

13-Apr-2018 / 16:10 CET/CEST

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Press Release Krasnodar April 13, 2018

PJSC"Magnit" Announces the Holding of the BOD Meeting

Krasnodar, April 13, 2018: Magnit PJSC, one ofRussia's leading retailers (the"Company", MOEXand LSE:MGNT), is pleased to announcethe holding ofthe Board of Directors meeting.

OnApril 13, 2018, the Chairman of the Board of Directors made the decision to hold the BOD meeting on April 18, 2018 with the following agenda:

• 1. Preliminary approval of the PJSC "Magnit"annualreport.
• 1. Approval of the Report on therelated party transactionsexecuted by PJSC "Magnit"in 2017.
• 1. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the Retail Import LLC shares in the chartercapital owned by the Company.
• 1. Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the LLC "Alkotrading" shares in the chartercapital owned by the Company
• 1. Determination ofthe position ofthe PJSC "Magnit"representative at the exercise of the voting right on the LLC "Tandem"shares in the charter capital owned by the Company.
• 1. Determination of the position of the PJSC "Magnit"representative at the exercise of the voting right on the JSC "Tander" shares in the charter capital owned by the Company.
• 1. Reviewof results ofthe performanceevaluation ofPJSC "Magnit"Board ofDirectors .

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, InternationalStock IdentificationNumber (ISIN) RU000A0JKQU8.

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 centers and 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 the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 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. Measured bymarketcapitalization, Magnit is one ofthelargest 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.: 5403

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