Press Release | Krasnodar | February 17, 2020

PJSC "Magnit" Announces Dividend Payment Update

Krasnodar, Russia (February 17, 2020): Magnit PJSC (MOEX and LSE: MGNT; Company, Group), one of Russia's leading retailers, announces payment of dividends.

Please be informed that PJSC "Magnit" has made dividend payment on its shares following the results of 9 months of 2019.

The Company has effected dividend payment in the amount of RUB 15,000,312,324.61.

The dividend amount of RUB 20,017.84 which accounts for 0.00013% of the total amount of declared dividends has not been paid due to the non-availability of the bank account details required for the payment and/or another creditor's delay.

For further information, please contact:

Dmitry Kovalenko

Director for Investor Relations

Email: [email protected]

Office: +7 (861) 210-48-80

Dina Chistyak

Director for Investor Relations

Email: [email protected]

Office: +7 (861) 210-9810 x 15101

Media Inquiries

Media Relations Department

Email: [email protected]

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 December 31, 2019, Magnit operated 38 distribution centres and 20,725 stores (14,622 convenience, 473 supermarkets and 5,630 drogerie stores) in 3,742 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for FY 2019, Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 83 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.