MAGNIT PJSC (MGNT) 17-Feb-2020 / 14:26 MSK Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Press Release | Krasnodar|February 17, 2020

PJSC Magnit nofies on the transacons by persons discharging managerial responsibilies and persons closely associated with them

Krasnodar, Russia (February 17, 2020): Magnit PJSC (MOEX and LSE: MGNT; Company, Group), one of Russia's leading retailers, no%fies on the transac%ons by persons discharging managerial responsibili%es and persons closely associated with them.

Noficaon and public disclosure of transacons by persons discharging managerial responsibilies and persons closely associated with them

	1 Details of the person discharging managerial responsibilies/person closely associated
a)	Name	Limited l ia bi l ity compa ny «Natbioproduct»
2	Reason for the noficaon
a)	Posi on/status	The no%fica%on concerns a pers on clos ely ass ociated with a pers on discharging ma nagerial res ponsibi l i%es - Vinokurov Alexa nder Semenovich (member of the board of directors of PJSC «Magnit»)
b)	Ini al no fica on/ Amendment	Ini%al no%fica%on
3	Details of the issuer
a)	Name	Publ ic Joint Stock Compa ny «Magnit»
b)	LEI	2534009KKPTVL99W2Y12
4	Details of the transacon(s): secon to be repeated for (i) each type of instrument; (ii) each type of transacon; (iii) each date; and (iv) each place where transacons have been conducted
a)	Descrip on of the financial instrument, type of instrument Iden fica on code	Shares ISIN RU000A0JKQU8
b)	Nature of the transac on	Acquisi%on of PJSC «Magnit» s hares under the Shares Purchas e Agreement
c)	Price(s) and volume(s)	Price (RUB) Volume 3,599.545 157,360 3,757.487814 188,633 3,744.00 194,000
d)	Aggregated informa on - Aggregated volume - Price	Price (RUB) Aggregated Volume 3,706.616 539,993
e)	Date of the transac on	February 14, 2020
f)	Place of the transac on	Outside a tra ding venue

For further informaon, please contact:

Dmitry Kovalenko

Director for Investor Rela%ons Emai l: dmitry\[email protected] Office: +7 (861) 210-48-80

Dina Chistyak Director for Investor Rela%ons Emai l: dina \[email protected]

Office: +7 (861) 210-9810 x 15101

Media Inquiries Media Rela%ons Department Emai l: [email protected]

Note to editors:

Publ ic Joint Stock Compa ny "Magnit" is one of Russia's lea ding retai lers. Founded in 1994, the compa ny is hea dquartered in the s outhern Russia n city of Kras nodar. As of December 31, 2019, Magnit operated 38 distribu%on centres a nd 20,725 stores (14,622 convenience, 473 s upermarkets a nd 5,630 drogerie stores) in 3,742 ci%es

a nd towns throughout 7 federal regions of the Russia n Federa%on.

In accorda nce with the una udited IFRS ma nagement accounts for FY 2019, Magnit ha d revenues of RUB 1,369 bi l l ion a nd a n EBITDA of RUB 83 bi l l ion. Magnit's local s hares are tra ded on the Moscow Excha nge (MOEX: MGNT) a nd its GDRs on the London Stock Excha nge (LSE: MGNT) a nd it has a credit ra%ng from Sta ndard & Poor's of BB.

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.: 47092 EQS News ID: 976827

End ofAnnouncementEQS News Service

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