PJSC MAGNIT - Change of Share

Press Release

Krasnodar

December 13, 2016

Magnit Announces the Change of Share in the Charter Capital

Krasnodar, Russia (December 13, 2016): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC "Magnit" (ordinary shares stake) owned by Aslan Shkhachemukov, the member of the PJSC "Magnit" Board of Directors.

On December 13, 2016 the Company was notified of the following change of share of Aslan Shkhachemukov, the member of the PJSC "Magnit" Board of Directors, in the charter capital.

Date of change	Share in the charter capital before change	Share of the ordinary shares before change	Share in the charter capital after change	Share of the ordinary shares after change
December 6, 2016	0,009301%	0,009301%	0,009401%	0,009401%

For further information, please contact:

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

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 September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 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.