Press Release | Krasnodar | May 31, 2019

PJSC "Magnit" notifies on the Change of Share by the Entity under the Issuer's Control

Krasnodar, Russia (May 31, 2019): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the change of share by the entity which is under the Issuer's control.

For further information, please contact:

Dmitry Kovalenko   Dina Chistyak    Media Inquiries

Director for Investor Relations  Director for Investor Relations  Media Relations Department

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