Source - PRN

Press Release

Krasnodar

September 23, 2016

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

Krasnodar, September 23, 2016: Magnit PJSC, one of Russia’s leading retailers (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
Acquisition of shares
Date of change: September 19, 2016
Date of the fact being reported to the Issuer: September 23, 2016
Amount of acquired shares: 835 shares (0.000883% 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: 18,280 votes (0.019331% of the total number of votes)
Amount of votes after disposal: 19,115 votes (0.020214% of the total number of votes)
Disposal of shares
Date of change: September 20, 2016
Amount of disposed shares: 3,581 shares (0.003787% 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: 19,115 votes (0.020214% of the total number of votes)
Amount of votes after disposal: 15,534 votes (0.016427% 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:

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, 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 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.