Magnit

Report Publication Announcement • Apr 28, 2017

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PJSC MAGNIT - Publication of 2016 Annual Report

PR Newswire

London, April 28

Press-release

Krasnodar

April 28, 2017

PJSC “Magnit” Announces the Publication of its 2016 Annual Report

Krasnodar, April 28, 2017: Magnit PJSC, one of Russia’s leading retailers (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the publication of its 2016 Annual Report.

Please be informed that the 2016 Annual Report is available at the official website of PJSC "Magnit".

Please follow the link http://ir.magnit.com/en/financial-reports/ to view the English version of the report.

And http://ir.magnit.com/financial-reports-rus/ for the Russian version.

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: 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 March 31, 2017, Magnit operated 35 distribution centers and 14,089 stores (10,540 convenience, 427 hypermarkets and 3,122 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.