Press Release | Krasnodar | February 15, 2019

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

Krasnodar, Russia (February 15, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the acquisition by JSC VTB Capital of the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

On February 5, 2019 JSC VTB Capital acquired the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

Full company name: Joint-stock company VTB Capital;

Company address: office 30.01 20th floor, office 32.30 floor 32, 12 Presnenskaya embankment, Moscow;

Primary State Registration Number: 7703585780;

Individual Taxpayer Number: 1067746393780.

Type of stock power: direct power.

Attribute of stock power: sole power.

The basis of the stock power: acquisition of shares in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 1,379 shares (0.00135%).

Number of shares and % in the charter capital after the basis of the stock power: 7,800,000 shares (7.65371%).

On February 5, 2019 VTB Capital IB Holding LLC acquired the right to indirectly dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit" through JSC VTB Bank.

Full company name: VTB Capital IB Holding Limited Liability Company;

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

Primary State Registration Number: 7703683145;

Individual Taxpayer Number 1097760000458.

Type of stock power: indirect power.

Attribute of stock power: sole power.

The basis of the stock power: acquisition of shares in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 1 379 shares (0.00135%).

Number of shares and % in the charter capital after the basis of the stock power: 7,800,000 shares (7.65371%).

On February 5, 2019 JSC VTB Capital Holding acquired the right to indirectly dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit" through JSC VTB Bank and VTB Capital IB Holding LLC.

Full company name: Joint Stock Company VTB Capital Holding;

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

Primary State Registration Number: 7703701010;

Individual Taxpayer Number 1097746344596.

Type of stock power: indirect power.

Attribute of stock power: sole power.

The basis of the stock power: acquisition of shares in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 1 379 shares (0.00135%).

Number of shares and % in the charter capital after the basis of the stock power: 7,800,000 shares (7.65371%).

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 December 31, 2018, Magnit operated 37 distribution centers and 18,399 stores (13,427 convenience, 467 supermarkets and 4,505 drogerie stores) in 2,976 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts 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.