PJSC MAGNIT - Coupon Yield Payment

PR Newswire
London, April 19

Press-release

Krasnodar

April 19, 2016

PJSC "Magnit" Announces the 1^st Coupon Yield Payment

Krasnodar, April 19, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), announces the 1^st coupon yield payment against bonds of the BO-11 series.

Please be informed that today PJSC "Magnit" fulfilled its obligation of the first coupon redemption against bonds of the BO-11 series in the amount of 583,400,000 rubles.

Parameters of the bond issue:

Type of securities:	Non-convertible interest-bearing certified exchange-traded bonds to the bearer of the B0-11 series with the obligatory centralized custody, International Stock Identification Number (ISIN) RU000A0JVUZ6
Identification number of the securities issue and the date of its assignment:	4B02-11-60525-Pof 30.07.2013
Coupon period which the yield is paid for:	The first coupon period (20.10.2015 - 19.04.2016)
The total amount of the interest to be paid against bonds:	583,400,000 rubles excluding tax and other deductions
The amount of the interest to be paid against one bond:	58.34 rubles
The total number of bonds against which the yield is paid:	10,000,000 bonds
The method of payment:	Monetary funds in the currency of the Russian Federation by means of non-cash settlement
The record date:	April 18, 2016
The date of the obligation fulfillment:	April 19, 2016
The total amount of the interest paid against bonds following the reporting period:	Following the 1st coupon period the amount of 583,400,000 rubles was paid excluding tax and other deductions. Obligation has been fulfilled.

For further information, please contact:

Timothy Post	Head of Investor Relations Email: [e-mail] Office: [phone] x 17600 Mobile: [phone] Direct Line: [phone]
Investor Relations Office	[e-mail] Direct Line: [phone] Website: ir.magnit.com/
Media Inquiries	Media Relations Department [e-mail]

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 March 31, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.