Magnit

Report Publication Announcement • Oct 16, 2017

MAGNIT PJSC (MGNT)

16-Oct-2017 / 11:24 CET/CEST

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Press Release Krasnodar October 16, 2017

MagnitAnnounces the PublicationDate of its Unaudited 9M 2017 Financial Results Prepared in accordance with the IFRS

Krasnodar, Russia (October 16, 2017): Magnit PJSC, one of Russia's leading retailers (MOEX and LSE: MGNT) is pleased to announcethe publication date ofits unaudited 9M2017 financialresults prepared in accordance with theIFRS.

Please be informed that Magnit plans to release its unaudited 9M 2017 financial results prepared in accordance with theIFRS and based on the managementaccounts on Friday, October 20, 2017 at 10:00AM(Moscowtime).

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: 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.: 4745

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