MAGNIT PJSC: PJSC 'Magnit' Announces the Cessation of the Right of LLC 'VTB Infrastructure Investments' to Dispose a Certain Number of Votes Accounted for Voting Shares (Stakes) in the Charter Capital of PJSC 'Magnit'

Press Release | Krasnodar | October 08, 2018

PJSC "Magnit" Announces the Cessation of the Right of LLC "VTB Infrastructure Investments" to Dispose a Certain Number of Votes Accounted for Voting Shares (Stakes) in the Charter Capital of PJSC "Magnit"

Krasnodar, Russia (October 08, 2018): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the cessation of the right of LLC "VTB Infrastructure Investments" to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

On September 28, 2018 the right of LLC "VTB Infrastructure Investments" to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit" ceased.

Full company name: Limited liability company "VTB Infrastructure Investments";

Company address: 123112 Russia, Moscow, 12 Presnenskaya Emb.;

Primary State Registration Number: 1127746409801;

Individual Taxpayer Number 7703768889.

Type of the right: direct disposal.

Attribute of the right: sole disposal.

The basis of the cessation of the right to dispose: disposal (decrease) of share in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 25,477,839 shares (25.00000025%).

Number of shares and % in the charter capital after the basis of the stock power: 7,868,427 shares (7.72085%).

For further information, please contact

Dina Svishcheva Media Inquiries

Head of IR Media Relations Department

Email: [email protected] Email: [email protected]

Office: +7-861-277-4554 x 15101

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 June 30, 2018, Magnit operated 37 distribution centers and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarkets and 4,000 drogerie stores) in 2,808 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.