Krasnodar, Russia (January 24, 2019): Magnit PJSC (MOEX and LSE: MGNT) (the “Company”), one of Russia’s leading retailers, announces that Renaissance Broker LLC (“Renaissance”) has, between January 17, 2019 and January 23, 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 on transactions with the shares of Magnit within the share buy-back programme for the period from 17.01.2019 to 23.01.2019