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.