Press Release

Krasnodar

March 15, 2018

 

PJSC "Magnit" announces the acquisition by LLC "VTB Infrastructure Investments" of the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit"

 

Krasnodar, Russia (March 15, 2018): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the acquisition by LLC "VTB Infrastructure Investments" of the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

 

On March 14, 2018 LLC "VTB Infrastructure Investments" acquired the right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC "Magnit".

 

Type of stock power: direct power.

 

Attribute of stock power: sole power.

 

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

 

Number of shares and % in the charter capital before the basis of the stock power: 0 shares (0%).

 

Number of shares and % in the charter capital after the basis of the stock power: 29,656,200 shares (29.099996%).

 

For further information, please contact:

 

Timothy Post	Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600
Dina Svishcheva	Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-4554 x 15101
Media Inquiries	Media Relations Department press@magnit.ru

 

 

Company description:

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, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family stores and 3,774 drogerie stores) in 2,709 cities and towns throughout 7 federal regions of the Russian Federation.

 

In accordance with the unaudited IFRS management accounts for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 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. Measured by market capitalization, Magnit is one of the largest retailers in Europe.