Magnit

Director's Dealing • Feb 16, 2018

16-Feb-2018 / 07:43 CET/CEST

Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

PJSC "Magnit" notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them

Krasnodar, Russia (February 16, 2018): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), notifies on thetransactions by persons dischargingmanagerialresponsibilitiesand personsclosely associated with them.

Notification and public disclosure of transactions by persons discharging managerialresponsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
	Name	Sergey Galitskiy
a)
2	Reason for the notification
	Position/status	member of the BOD of PJSC " Magnit", Chairman of the Management Board of PJSC " Magnit", CEO of PJSC "Magnit"
a)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
	Name	Public Joint Stock Company "Magnit"
a)
b)	LEI	2534009KKPTVL99W2Y12
4.1.		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Share ISIN RU000A0JKQU8
b)	Nature of the transaction	Disposal of securities (sale and purchase agreement ). In accordance with the terms of the agreement, the total amount to be paid is rounded to 138 225 000 000 RUB. The closing of the sale is conditional upon the necessary approval by the FAS of Russia and upon terms and conditions customary for this type of transaction.
c)	Price(s) and volume(s)	Price (RUB) volume 4 660,91 29 656 200
d)	Aggregated information - Aggregated volume - Price	Price (RUB) volume 138 224 879 142 29 656 200

e)	Date of the transaction	February 16, 2018
	Place of the transaction	outside a trading venue
f)

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:

PublicJoint Stock Company "Magnit"is one ofRussia's leading retailers. Founded in 1994, thecompany is headquartered in thesouthernRussian 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 the unaudited IFRS managementaccounts for 2017, Magnit had revenues ofRUB1,143 billion and anEBITDAofRUB92 billion. Magnit's localsharesaretraded on the MoscowExchange(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.

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.: 5212

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