Source - PRN

Press Release

Krasnodar

August 30, 2016

PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control

Krasnodar, August 30, 2016: Public Joint Stock Company “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the change of share of 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 acquisition/ 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
Disposal of shares
Date of change: August 24, 2016
Amount of disposed shares: 5,394 shares (0.005704% of the total equity)
Basis for disposal: Sale and Purchase Agreement executed in the trading of Closed Joint Stock Company «MICEX Stock Exchange»
Amount of votes before disposal: 14,239 votes (0.015058% of the total number of votes)
Amount of votes after disposal: 8,845 votes (0.009354% of the total number of votes)
Disposal of shares
Date of change: August 25, 2016
Amount of disposed shares: 660 shares (0.000698% of the total equity)
Basis for disposal: Sale and Purchase Agreement executed in the trading of Closed Joint Stock Company «MICEX Stock Exchange»
Amount of votes before disposal: 8,845 votes (0.009354% of the total number of votes)
Amount of votes after disposal: 8,185 votes (0.008656% of the total number of votes)
Acquisition of shares
Date of change: August 26, 2016
Date of the fact being reported to the Issuer: August 30, 2016
Amount of acquired shares: 4,900 shares (0.005182% of the total equity)
Basis for acquired: Sale and Purchase Agreement executed in the trading of Closed Joint Stock Company «MICEX Stock Exchange»
Amount of votes before acquired: 8,185 votes (0.008656% of the total number of votes)
Amount of votes after disposal: 13,085 votes (0.013838% of the total number of votes)

For further information, please contact:

Timothy Post Head of Investor Relations
Email: [email protected]
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Investor Relations Office [email protected]
Direct Line: +7-861-277-4562
Website: ir.magnit.com/
Media Inquiries Media Relations Department
[email protected]

Company description:

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow Stock 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.