Press Release | Krasnodar | May 22, 2019

PJSC "Magnit" notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them

Krasnodar, Russia (May 22, 2019): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the change of stake of ordinary shares in the charter capital of PJSC "Magnit" owned by Jan Gezinus Dunning, President (member of the Management Board of PJSC "Magnit").

On May 22, 2019 the Company was notified on the following change of share of Jan Gezinus Dunning in the charter capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

For further information, please contact:

Dmitry Kovalenko   Dina Chistyak    

Director for Investor Relations  Director for Investor Relations 

Email: dmitry_kovalenko@magnit.ru  Email: dina_chistyak@magnit.ru  

Office: +7 (861) 210-48-80   Office: +7 (861) 210-9810 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 March 31, 2019, Magnit operated 38 distribution centres and 19,223 stores (13,909 convenience, 467 supermarkets and 4,847 drogerie stores) in 3,077 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2018, Magnit had revenues of RUB 1,237 billion and an EBITDA of RUB 90 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.