Press Release Krasnodar February 21, 2018

PJSC "Magnit"Announces the Change of Share in the Charter Capital

Krasnodar, February 21, 2018:PJSC "Magnit",one of Russia's leading retailers (the "Company";MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC "Magnit" (ordinary shares stake) ownedbyKhachatur Pombukhchan, Chief Executive Officer of PJSC "Magnit",the member of the PJSC "Magnit"Board of Directors, the chairman of the PJSC "Magnit" Management Board.

Name and position of the person:

Company:

Khachatur Pombukhchan, Chief Executive Officer of PJSC "Magnit", the member of thePJSC"Magnit" Board of Directors, the chairman of thePJSC "Magnit" Management BoardPublic Joint Stock Company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia

Share in the charter capital before change:0%

Ordinary shares stake before change:0%

Share in the charter capital after change:0.012266%

Ordinary shares stake after change:0.012266%Date of change of share in the charter capital: Date of the fact being reported:

For further information, please contact:

Timothy Post

Dina Svishcheva

February 20, 2018

February 21, 2018

Head of Investor Relations Email:post@magnit.ru

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

Deputy Director, Investor Relations Email:Chistyak@magnit.ruOffice: +7-861-277-4554 x 15101

Media Inquiries

Media Relations Departmentpress@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, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family stores and 3,774 drogerie stores) in 2,709 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 billion. Magnit's local shares 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 of the largest retailers in Europe.

Magnit OAO published this content on 21 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2018 10:40:06 UTC.

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