Press Release | Krasnodar | February 5, 2019

PJSC "Magnit" Announces the Holding of the BOD Meeting

Krasnodar, Russia (5 February, 2019): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the holding of the Board of Directors meeting.

On February 4, 2019, the Chairman of the Board of Directors made the decision to hold the BOD meeting of PJSC "Magnit" on February 4, 2019 with the following agenda:

1. Consideration of the shareholders' proposals for the nomination of candidates to the Board of Directors of PJSC "Magnit' to be elected at the annual General Shareholders Meeting of PJSC "Magnit".

2. Consideration of shareholders' proposals to include issues in the agenda of the annual General Shareholders Meeting of PJSC "Magnit".

Items of the agenda of PJSC "Magnit" Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.

For further information, please contact:

Dmitry Kovalenko     Media Inquiries

Director for Investor Relations   Media Relations Department

Email: kovalenko_dv3@magnit.ru   Email: press@magnit.ru

Office: +7-861-277-4554 x 46082  

Note to editors:

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, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.