Magnit announces the termination of the right of VTB Bank and its controlled entities to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit

Full company name

VTB Bank (Public Joint-Stock Company)

Business Finance Limited Liability Company

VTB Capital IB Holding Limited Liability Company

Joint-stock company VTB Capital

Company address:

Saint Petersburg, Russian Federation

Moscow

Moscow

Moscow

Taxpayer Id Number

7702070139

7707572492

7703683145

7703585780

Principal State Registration Number

1027739609391

1057749598169

1097760000458

1067746393780

Type of the terminated right

indirect disposal

indirect disposal

indirect disposal

direct disposal

Attribute of the terminated right

sole disposal

sole disposal

sole disposal

sole disposal

Basis of the termination of the right to dispose

disposal (decrease) of share in the issuer

disposal (decrease) of share in the issuer

disposal (decrease) of share in the issuer

disposal (decrease) of share in the issuer

Number of Votes and share in the charter capital before the occurrence of the basis

7,936,854 / 7.788%

7,868,427 / 7.72085%

7,868,427 / 7.72085%

7,868,427 / 7.72085%

Number of Votes and share in the charter capital after the occurrence of the basis

3,466,886 / 3.402%

185 / 0.00018%

185 / 0.00018%

185 / 0.00018%

For further information, please contact:

Dina Chistyak

Head of Investor Relations 
dina_chistyak@magnit.ru

Office: +7 (861) 210 9810 x 15101

Media Inquiries                    Twitter

press@magnit.ru                    @MagnitIR

Note to editors

"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, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 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.

Forward-looking statements

This document contains or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.