PJSC MAGNIT - Magnit Executives Included in List of Business Leaders

Press-release

Krasnodar

October 3, 2016

Magnit Executives have been Included in the List of Business Leaders and Named the Best in the Industry

Krasnodar, Russia (October 3, 2016): Executives of "Magnit", one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), have been included in the list of top business leaders and named the best in the industry as rated by the Russian Managers Association and Kommersant.

"Magnit" CEO Sergey Galitskiy has been included in the list of top business leaders of the 17^th "TOP-1000 Russian Managers" ratings for 2016 prepared by the Russian Managers Association and Kommersant. The list of business leaders includes businessmen and leading top-managers.

Another three "Magnit" executives are among top five in the industry: Ilya Sattarov was ranked first in the HR Directors rating, Khachatur Pombukhchan was ranked fourth in the CFO rating and Marina Ivanova was ranked second in the Commercial Directors rating.

"TOP-1000 Russian managers" rating of the Russian Managers Association is the instrument of professional reputation evaluation of the Russian top-managers. The rating summarizes the year-end results of work and reveals the most professional managers of Russia.

The rating methodology is based on "the best choose the best" principle: top-managers evaluate top-managers, functional managers evaluate functional managers.

Please follow the link below to view the 17^th "TOP-1000 Russian managers" rating for 2016 in full:

http://www.kommersant.ru/apps/102663
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:

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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 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.