PJSC MAGNIT - Magnit Tops the List of Largest Russia's Employers

Press Release

Krasnodar

October 3, 2016

Magnit Tops the List of the Largest Russia's Employers by Forbes

Krasnodar, Russia (October 3, 2016): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), tops the list of the largest Russia's employers.

Please be informed that "Magnit" retail chain topped the list of the largest Russia's employers among the companies included in the Annual Ranking of the 200 Biggest Russia's Nongovernmental Companies by the Forbes business magazine.

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

http://www.forbes.ru/rating/329507-10-krupneishikh-kompanii-rabotodatelei-rossii

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.