Krasnodar, September 23, 2019: PJSC “Magnit” (MOEX and LSE: MGNT; hereinafter — the “Company” or the “Group”), one of Russia’s leading retailers, announces the assignment of the credit rating by Analytical Credit Rating Agency (Joint Stock Company), ACRA (JSC).

Please note that on September 23, 2019 Analytical Credit Rating Agency (ACRA) assigned credit rating АА (RU) to PJSC “Magnit”. The rating outlook is Stable.

Credit rating АА (RU) was also assigned to the following bond issues:

non-convertible interest-bearing certified exchange-traded bonds of PJSC Magnit" of BО-003Р-01 series to bearer with the obligatory centralized custody, placed under the Program of the Exchange-traded bonds with identification number 4-60525-Р-003P-02E as of 30.01.2018, identification number of the issue 4B02-01-60525- P-003P as of 01.02.2019, International Securities Identification Number (ISIN) RU000A1002U4;
non-convertible interest-bearing certified exchange-traded bonds of PJSC Magnit" of BО-003Р-02 series to bearer with the obligatory centralized custody, placed under the Program of the Exchange-traded bonds with identification number 4-60525-Р-003P-02E as of 30.01.2018, identification number of the issue 4B02-02-60525- P-003P as of 21.02.2019, International Securities Identification Number (ISIN) RU000A1004G9;

non-convertible interest-bearing certified exchange-traded bonds of PJSC Magnit" of BО-003Р-03 series to bearer with the obligatory centralized custody, placed under the Program of the Exchange-traded bonds with identification number 4-60525-Р-003P-02E as of 30.01.2018, identification number of the issue 4B02-03-60525- P-003P as of 25.06.2019, International Securities Identification Number (ISIN) RU000A100H02.

The information on the methodology of assignment of credit ratings to non-financial companies according to the Russian Federation national scale is available on the website: https://www.acra-ratings.ru/criteria/115

The methodology of assignment of credit ratings to issues of financial instruments according to the Russian Federation national scale is available on the website: https://www.acra-ratings.ru/criteria/381

Please follow the link below to view the press release of ACRA: https://www.acra-ratings.com/press-releases/1410

Analytical Credit Rating Agency assigned credit rating AA (RU) to Magnit and its securities