Krasnodar, Russia (January 10, 2019): Magnit PJSC (MOEX and LSE: MGNT) (the “Company”), one of Russia’s leading retailers, announces that Renaissance Broker LLC (“Renaissance”) has, between December 27, 2018 and January 09, 2019, made purchases of the Company’s ordinary shares (ISIN: RU000A0JKQU8) (the “Shares”) on the Moscow Exchange pursuant to the Company’s share buyback programme announced on August 21, 2018 subject to the amendments announced on October 5, 2018 (the “Programme”). Aggregated and detailed information regarding such purchases is set out below.

The Shares have been or will be sold by Renaissance to JSC Tander (a subsidiary of the Company) at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.

Aggregated Information

Date	Shares purchased	Highest price paid per Share	Lowest price paid per Share	VWAP per Share
			(RUB)
2018-12-27	14 845	3 531,50	3 433,50	3 505,57
2018-12-28	14 095	3 494,00	3 447,50	3 479,93
2018-12-29	15 099	3 536,50	3 476,50	3 517,01
2019-01-03	13 132	3 596,50	3 487,00	3 546,58
2019-01-04	13 807	3 651,00	3 584,00	3 619,43
2019-01-08	12 277	3 686,00	3 563,50	3 588,46
2019-01-09	45 605	3 750,00	3 662,00	3 722,23

Schedule of Purchases:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades conducted by Renaissance under the Programme during the period to which this announcement relates is available on the pages linked below:

http://ir.magnit.com/en/information-disclosure/reports-on-buy-back/ (in english);
http://ir.magnit.com/ru/raskryitie-informatsii/soobshheniya-na-etapah-protseduryi-obratnogo-vyikupa-aktsiy/ (in russian);
http://www.e-disclosure.ru/portal/files.aspx?id=7671&type=10 (in russian)

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

Aggregated information on transactions with the shares of Magnit within the share buy-back programme for the period from 27.12.2018 to 09.01.2018