Magnit

Pre-Annual General Meeting Information • Aug 1, 2018

MAGNIT PJSC (MGNT)

31-Jul-2018 / 17:59 MSK

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Press Release Krasnodar July 31, 2018

PJSC"Magnit" Announces the Holding of the BOD Meeting

Krasnodar, July 31, 2018: Magnit PJSC, one ofRussia's leading retailers (the"Company", MOEXand LSE:MGNT), is pleased to announce the holding ofthe Board of Directors meeting.

On July 31, 2018, the Chairman of the Board ofDirectors made the decision to hold the BODmeeting of PJSC "Magnit" on August 1, 2018 with thefollowing agenda:

1. Approval ofthe budget of PJSC "Magnit"Group ofCompanies for the 2 nd half of 2018.

Forfurtherinformation, please contact:

Dina Svishcheva Investor Relations

Email:Chistyak@magnit.ru Office:+7-861-277-4554 x 15101

MediaInquiries Media Relations Department press@magnit.ru

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 ofJune 30, 2018, Magnit operated 37 distribution centers and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarketsand 4,000 drogeriestores) in 2,808 citiesand towns throughout 7 federalregions ofthe Russian Federation.

In accordance with the unaudited IFRS managementaccounts for 1H2018, Magnit had revenues of RUB 595 billion and an EBITDAof RUB 44 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.

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.: 5818 EQS News ID: 709689

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