Press Release | Krasnodar | May 15, 2020

PJSC Magnit notifies on the transactions by persons discharging managerial responsibilities and persons closely associated with them

Krasnodar, Russia (May 15, 2020): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces the change of stake of ordinary shares in the charter capital of PJSC Magnit owned by the President, CEO, Chairman of the Management Board and member of the Board of Directors of PJSC Magnit Jan Gezinus Dunning.

On May 15, 2020 the Company was notified on the following change of share in the charter capital.

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

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

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 March 31, 2020, Magnit operated 38 distribution centres and 20,860 stores (14,594 convenience, 472 supermarkets and 5,794 drogerie stores) in 3,718 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for FY 2019, Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 147 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.