Magnit

Regulatory Filings • Oct 3, 2017

MAGNIT PJSC (MGNT)

03-Oct-2017 / 13:27 CET/CEST

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Press Release Krasnodar October 3, 2017

Magnit and its Executives have been Included in the Ratings of Forbes andKommersant

Krasnodar, Russia (October 3, 2017): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), and its executives have been included in theratings ofForbesand Kommersant.

Please be informed that "Magnit" retail chain was ranked 2 nd by sales in the Annual Ranking of the 200 Biggest Russia's Nongovernmental Companies by the Forbes business magazine.

Pleasefollowthelink belowto viewthefull version oftheranking for 2017: http://www.forbes.ru/rating/350675-200-krupneyshih-rossiyskih-kompaniy-2017

"Magnit" CEO Sergey Galitskiy has been included in the list of top business leaders of the 18 th "TOP-1000 Russian Managers"ratings for 2017 prepared by the RussianManagersAssociation and Kommersant. Thelist of business leaders includes businessmen and leading top-managers.

Moreover, "Magnit"top-managers - MarinaIvanova (Commercial Director), Khachatur Pombukhchan (CFO) and Ilya Sattarov (Deputy CEO for Network Development, Salesand HR) - have been included in theratings ofthe best in theindustry.

"TOP-1000 Russian managers" rating of the Russian Managers Association is the instrument of professional reputation evaluation of the Russian top-managers. Therating summarizes the year-end results ofwork and reveals the most professionalmanagers ofRussia.

The rating methodology is based on "the best choose the best" principle: top-managers evaluate top-managers, functional managers evaluate functionalmanagers.

Pleasefollowthelink belowto viewthe 18 th "TOP-1000 Russianmanagers"rating for 2017 in full: https://www.kommersant.ru/apps/110314

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 ofJune 30, 2017, Magnit operated 35 distribution centersand 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogeriestores) in 2,567 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 has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one ofthe largest retailers in Europe.

ISIN: US55953Q2021 Category Code: MSCH TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 4694

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