Magnit announces the transactions by the person closely associated with persons discharging managerial responsibilities

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Marathon Retail Limited Liability Company

2

Reason for the notification

a)

Position/status

The notification concerns a person closely associated with the persons discharging managerial responsibilities - Vinokurov Alexander Semenovich and Zakharov Sergey Mihailovich (members of the Board of Directors of PJSC "Magnit")

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

a)

Name

Public Joint Stock Company "Magnit"

b)

LEI

2534009KKPTVL99W2Y12

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument Identification code

Shares

ISIN RU000A0JKQU8

b)

Nature of the transaction

Termination of pledge of PJSC "Magnit" shares under the agreement

c)

Price(s) and volume(s)

d)

Aggregated information

 - Aggregated volume

 - Price

e)

Date of the transaction

2022-01-11

f)

Place of the transaction

Outside a trading venue

5

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument Identification code

Shares

ISIN RU000A0JKQU8

b)

Nature of the transaction

Transfer of the PJSC "Magnit" shares under the repurchase agreement to VTB Group companies (VTB Bank (PJSC) or entities that form part of its group) pursuant to the terms of which the votes accounted for the transferred voting shares of PJSC "Magnit" are retained by Marathon Retail LLC

c)

Price(s) and volume(s)

d)

Aggregated information

 - Aggregated volume

 - Price

e)

Date of the transaction

2022-01-11

f)

Place of the transaction

Outside a trading venue

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.