Press Release | Krasnodar | August 9, 2018

Krasnodar, Russia (9 August, 2018): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the publication date of its reviewed 1H 2018 financial results prepared in accordance with the IFRS.

Please be informed that Magnit plans to release its reviewed 1H 2018 financial results prepared in accordance with the IFRS on Monday, August 20th, 2018 at 10:00 (Moscow time).

For further information, please contact:

Dina Svishcheva Media Inquiries

Investor Relations Media Relations Department

Email: Chistyak@magnit.ru Email: press@magnit.ru

Office: +7-861-277-4554 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 June 30, 2018, Magnit operated 37 distribution centers and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarkets and 4,000 drogerie stores) in 2,808 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.