Magnit : announces the change of share by the entity under the issuer’s control

Press Release Krasnodar January 12, 2018

Magnit Announces the Change of Shareby the Entity under the Issuer's Control

Krasnodar, Russia (January 12, 2018):Magnit PJSC, one of Russia's leading retailers (the "Company", the "Issuer", MOEX and LSE: MGNT), announces thechange of shareby the entity which is under the Issuer's control.

Full company name and address:

Joint Stock Company "Tander"

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:2310031475

Principal State Registration Number:1022301598549

Object of disposal:

Disposal of sharesDate of change:

Amount of disposed shares: Basis for disposal:

Amount of votes before disposal: Amount of votes after disposal:

Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004,International Securities Identification Number(ISIN) RU000A0JKQU8

January 11, 2018 730,000 shares (0.771986% of the total equity)

Securities transfer agreement 730,000 votes (0.771986% of the total number of votes) 0 votes (0% of the total number of votes)

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

1	Details of the person discharging managerial responsibilities/person closely associated
а)	Name	Joint Stock Company «Tander» (JSC «Tander»)
2	Reason for the notification
а)	Position/status	Notification concerns a person closely associated with a person discharging managerial responsibilities:Fedotov Denis (CEO of JSC «Tander»)
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
а)	Name	Public Joint Stock Company "Magnit"
b)	LEI	2534009KKPTVL99W2Y12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
а)	Description of the financial instrument, type of instrument Identification code	Share ISIN RU000A0JKQU8
b)	Nature of the transaction	Return of shares under Security transfer agreement
c)	Price(s) and volume(s)	Price(RUB) 0 volume730 000
d)	Aggregated information-Aggregated volume-Price	Price(RUB) 0 Aggregated volume730 000
e)	Date of the transaction	January 11, 2018
f)	Place of the transaction	outside a trading venue

For further information, please contact:

Timothy Post

Head of Investor Relations Email:[e-mail]

Office: [phone] x 17600

Dina Svishcheva

Deputy Director, Investor Relations Email:[e-mail]: [phone] x 15101

Media Inquiries

Media Relations [e-mail]

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 September 30, 2017, Magnit operated 36 distribution centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogerie stores) in 2,664 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 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.