Magnit

Report Publication Announcement • Apr 11, 2017

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PJSC MAGNIT - Unaudited 1Q 2017 Financial Results Publication Date

PR Newswire

London, April 11

Press Release

Krasnodar

April 11, 2017

Magnit Announces the Publication Date of its Unaudited 1Q 2017 Financial Results Prepared in accordance with the IFRS

Krasnodar, Russia (April 11, 2017): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) is pleased to announce the publication date of its unaudited 1Q 2017 financial results prepared in accordance with the IFRS.

Please be informed that Magnit plans to release its unaudited 1Q 2017 financial results prepared in accordance with the IFRS and based on the management accounts on Friday, April 21, 2017 at 10:00 AM (Moscow time).

For further information, please contact:

Timothy Post Head of Investor Relations

Email: post@magnit.ru

Office: +7-861-277-4554 x 17600

Investor Relations Office MagnitIR@magnit.ru

Direct Line: +7-861-277-4562

Website: http://ir.magnit.com/

Media Inquiries 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 of December 31, 2016, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,494 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2016, Magnit had revenues of RUB 1,075 billion and an EBITDA of RUB 108 billion. Magnit's local shares are traded on the Moscow Stock 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 of the largest retailers in Europe.