Magnit

Major Shareholding Notification • Jan 14, 2018

MAGNIT PJSC (MGNT)

12-Jan-2018 / 12:33 CET/CEST

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

Press Release Krasnodar January 12, 2018

MagnitAnnounces the Change of Share by the Entity underthe Issuer's Control

Krasnodar, Russia (January 12, 2018): Magnit PJSC, one ofRussia's leading retailers (the "Company", the "Issuer", MOEX and LSE:MGNT), announces thechange ofshare by theentitywhich is under theIssuer'scontrol.

	Joint Stock Company "Tander"
Fullcompany nameand address:	185, Levanevskogo street, Krasnodar, Russia
Taxpayer Id Number:	2310031475
PrincipalState RegistrationNumber:	1022301598549
Object of disposal:	Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8
Disposal of shares
Date ofchange:	January 11, 2018
Amount of disposed shares:	730,000 shares (0.771986%of thetotal equity)
Basis for disposal:	Securities transfer agreement
Amount of votes before disposal:	730,000 votes (0.771986%of thetotal number ofvotes)
Amount of votesafter disposal:	0 votes (0%of thetotal number ofvotes)

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

1	Details of the person discharging managerial responsibilities/person closely associated
	Name	Joint Stock Company «Tander» (JSC «Tander»)
а)
2	Reason for the notification
а)	Position/status	Notification concerns a person closely associated with a person discharging managerial responsibilities: Fedotov Denis (CEO of JSC «Tander»)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
а)	Name	Public Joint Stock Company "Magnit"
b)	LEI	2534009KKPTVL99W2Y12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of tra nsaction; (iii) each date; and (iv) each place where transactions have been conducted
	Description of the financial instrument, type	Share
а)	of instrument Identification code	ISIN RU000A0JKQU8
b)	Nature of the transaction	Return of shares under Security transfer agreement
c)	Price(s) and volume(s)	Price (RUB) volume 0 730 000
d)	Aggregated information - Aggregated volume - Price	Price (RUB) Aggregated volume 0 730 000
e)	Date of the transaction	January 11, 2018
f)	Place of the transaction	outside a trading venue

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 of Krasnodar. As ofSeptember 30, 2017, Magnit operated 36 distribution centersand 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogeriestores) in 2,664 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with thereviewed IFRS consolidated financialstatements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDAof RUB 49 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.

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.: 5103

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