PJSC MAGNIT - Inclusion in the list of Russian most valuable brands

Press Release

Krasnodar

April 18, 2017

Magnit Ranked the Highest among Russian Retailers in the List of the Most Valuable Russian Brands of 2017

Krasnodar, Russia (April 18, 2017): Magnit PJSC, one of Russia's leading retailers (MOEX and LSE: MGNT) has been ranked the highest among Russian retailers in the list of the most valuable Russian brands of 2017 by Brand Finance.

Please be informed that Magnit retail chain was ranked 5^th most valuable Russian brand in 2017 by Brand Finance, the world's leading independent branded business valuation and strategy consultancy, which is the highest position in the Russian retail sector.

Please follow the link below to view the full version of the ranking:

http://brandirectory.com/jl/559bc7711ec1629fb8c852c6a30d46b9

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 December 31, 2017, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,494 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2016, Magnit had revenues of RUB 1,075 billion and an EBITDA of RUB 108 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.