Press-release Krasnodar October 28, 2016

PJSC "Magnit" Dividend Payment Update

Krasnodar, Russia (October 28, 2016): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the payment of dividends.

Please be informed that the Company has made dividend payment on its shares following the results of the half of the 2016 reporting year.

Type of securities:

ordinary registered uncertified shares

International Securities Identification Number (ISIN)

RU000A0JKQU8

State registration number of the issue and the date of registration:

1-01-60525-P as of 04.03.2004

Total amount of dividends accrued on shares following the results of the half of the 2016 reporting year:

7,999,890,633 rubles

Amount of dividend accrued on one share following the results of the half of the 2016 reporting year:

84.60 rubles

Total number of the issuer's securities

94,561,355 shares

Form of yield payment:

monetary funds in the currency of the Russian Federation by bank transfer

Dividend record date:

September 23, 2016

Dividend payment date for nominees:

October 7, 2016

Dividend payment date for the other shareholders registered in the shareholder register:

October 28, 2016

The Company has effected dividend payment in the amount of 7,999,849,771.20 rubles.

The dividend amount of 40,861.80 rubles which accounts for 0.00051% of the total amount of declared dividends has not been paid due to the absence of the bank account details required for the payment and/or another creditor's delay.

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: http://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 September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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 28 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 October 2016 19:36:03 UTC.

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