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Magnit Capital/Financing Update 2019

Jan 15, 2019

6413_rns_2019-01-15_4fda8c4a-7644-44f4-b172-5adefa846c0f.pdf

Capital/Financing Update

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MAGNIT PJSC (MGNT)

15-Jan-2019 / 09:56 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar | January 15, 2019

PJSC "Magnit" Announces Affirmation of its Rating at "BB" level by S&P Global Ratings

Krasnodar, Russia (January 15, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the affirmation of its rating at "BB" level by S&P Global Ratings.

Please be informed that on January 14, 2019 S&P Global Ratings has affirmed the rating of Magnit at "BB"; Stable outlook.

For further information, please contact

Petr Molchanov Alisa Kvadzba Media Inquiries Chief Investment Officer IR manager Media Relations Department Email: [email protected] Email: [email protected] Email: [email protected] Office: +7-861-277-4554 x 45000 Office: +7-861-277-4554 x 17601

Note to editors:

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 of September 30, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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 from Standard & Poor's of BB.