Magnit PAO : PJSC “Magnit” announces the completion of exchange-traded bonds placement

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PJS C 'Magn it' Announces the Completion of Exchange-Traded Bonds Placement

Please be informed that on July 23, 2015 the Issuer completed the placement of its Exchange-traded bonds of the BO-10 series.

No major transactions or related-party transactions were executed during the placement of the Exchange-traded bonds.

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.

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