Magnit announces results of the Board meeting

Krasnodar, Russia (August 16, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia’s leading retailers, announces the results of the Board of Directors meeting held on August 13, 2021.

The Board considered shareholders’ proposals regarding the nomination of candidates to be elected to the PJSC Magnit Board of Directors at the upcoming EGM of PJSC Magnit to be held on September 9, 2021 and approved the following list of candidates:

1. Naira Adamyan;

2. Pierre Wetli;

3. Alexander Vinokurov;

4. Timothy Demchenko;

5. Dmitry Dorofeev;

6. Jan Dunning;

7. Sergey Zakharov;

8. Walter Koch;

9. Karina Litvak;

10. Alexey Makhnev;

11. Gregor Mowat;

12. Charles Ryan;

13. Vsevolod Rozanov;

14. James Simmons.

The Board also approved the form and the text of the voting ballots for the EGM on the issues under consideration, as well as the wording of the decisions on the EGM agenda items, which are to be sent in electronic form to the nominal shareholders registered in the shareholder register of Magnit PJSC, and the position of the Board on the EGM agenda items.

Please follow the links below to view full results of the Board meeting:

· http://www.e-disclosure.ru/portal/company.aspx?id=7671 (in Russian language);

· https://www.magnit.com/ru/disclosure/regulatory-news/ (in Russian language);

· https://www.magnit.com/en/disclosure/regulatory-news/#tabs-Disclosure (in English)