Krasnodar, Russia (January 21, 2026): Magnit PJSC (MOEX: MGNT; Magnit, the Company, the Group), one of Russia’s leading retailers, announces the decision to acquire its issued exchange-traded bonds.

According to the decision of Sergey Stafeev, Deputy CFO of PJSC Magnit (Decision w/o No. of February 06, 2023), the interest rate has been determined for the 1^st to 12^th coupon periods for the Exchange-traded bonds, the rates for the 13^th to 20^th coupon periods have remained undefined. As a result, PJSC Magnit has become obligated to acquire the Exchange-traded bonds upon the request of their holders submitted during the last 5 business days of the 12th coupon period, in accordance with the terms and procedures set in clause 7.1 of the Exchange-Traded Bond Programme.

Type of securities:	Non-convertible interest-bearing uncertified exchange-traded bonds of the BО-004Р-03 series with centralised accounting of rights placed under the Programme of the exchange-traded bonds of the 004P series with the registration number 4-60525-Р-004Р-02Е as of 26.10.2020 (herein - the Exchange-traded bonds and the Programme)
Registration number of the issue:	4B02-02-60525-P-004P as of 20.12.2022
International securities identification number (ISIN):	RU000A105TP1
International classification of financial instruments code (CFI):	DBVUFB
Acquisition price of the Exchange-traded bonds:	The price is determined as 100% of the outstanding amount of the nominal value of the Exchange-traded bonds. In addition, the accrued coupon income calculated as of the date of acquisition shall be paid upon the holders’ request.
Deadline of payment for bonds purchased by the issuer:	February 10, 2026

Procedure and deadline for holders of the Exchange-traded bonds to submit requests for the issuer to acquire their bonds.

The Issuer shall acquire the Exchange-traded bonds upon the request of their holders submitted within the last 5 business days of the 12^th coupon period — from January 30, 2026 to February 05, 2026 inclusive (hereinafter – the Exchange-traded bond tender period).

The acquiring agent for the Exchange-traded bonds is "Tabula Rasa" LLC (Principal State Registration Number 1237700816044, Taxpayer Identification Number 9728113849, address: premises 1/2, bld 1, 5/2, 1^st Kazachiy lane, Moscow, 119017, Russia; email: ilya.vinogradov@tabrasa.ru).

The Issuer shall acquire the Exchange-traded bonds on February 10, 2026 (Date of acquisition upon the holders’ request).

The acquisition of the Exchange-traded bonds by the Issuer shall be carried out by concluding the sale and purchase agreements for the Exchange-traded bonds at trading sessions organised by the exchange, by satisfying targeted applications for the Exchange-traded bonds sale submitted via the trading system of the Exchange in accordance with its trading rules duly registered and effective as of the trading date.

If the holder of the Exchange-traded bonds is not a participant in the exchange’s organised trading, such holder shall conclude an appropriate agreement with any participant in the organised trading and instruct such participant to sell the Exchange-traded bonds to the Issuer (hereinafter – the Selling agent). The holder of the Exchange-traded bonds who is a participant of the organised trading may act independently.

During the Exchange-traded bonds tender period (hereinafter – “Bookbuilding period”), the holder of the Exchange-traded bonds, either independently or through the Selling agent, may submit an application for acquisition to the Acquiring agent indicating the activation date of such application. The procedure for submitting applications shall be established by the Issuer in coordination with the Exchange.

The activation date of targeted applications for sale of Exchange-traded bonds shall be the Date of acquisition upon holders’ request.

An application for the Exchange-traded bonds sale shall contain the following material terms:

- acquisition price (as established under the Exchange-traded Bond Programme);

- number of Exchange-traded bonds which the holder requires to be acquired;

- settlement code used in securities transactions;

- activation date (as defined above);

- other parameters in accordance with the Exchange Rules.

Applications that do not meet the above requirements shall not be accepted.

Upon expiration of the Bookbuilding period, holders of the Exchange-traded bonds (who are participants of organised trading) or the Selling agent may not change or withdraw submitted applications.

It is mandatory for holders of the Exchange-traded bonds who have submitted applications for the Exchange-traded bonds sale, either independently or through a Selling agent, to pre-reserve (prior to the Activation date) the required number of Exchange-traded bonds which the holder requires to be purchased, in the depository maintaining the record of rights to Exchange-traded bonds.

The procedure of verification of security of the application submitted during the Bookbuilding period shall be carried out at the moment of activation of such application. If an application fails the security verification, the Exchange shall cancel such application.

The transaction for the acquisition of Exchange-traded bonds based on the application submitted during the Bookbuilding period shall be executed on the Date of acquisition upon holders’ request.

The Issuer, through the Acquiring agent, undertakes to submit matching targeted applications to applications of holders of the Exchange-traded bonds (submitted by the holder or the Selling agent) that have passed the activation procedure, on the Date of acquisition upon holders’ request, within the time period agreed with the Exchange.

Notwithstanding the above, the holder of the Exchange-traded bonds shall have the right, during the Exchange-traded bond tender period, to submit a request to the Issuer for the acquisition of Exchange-traded bonds by issuing appropriate instructions to the depository maintaining the record of the holder’s rights to the Exchange-traded bonds. In this case, such instruction shall be issued in accordance with Article 8.9 of the Federal Law No. 39-FZ dated April 22, 1996 “On the Securities Market”, and the holder shall have no right to dispose of the Exchange-traded bonds submitted for acquisition, including pledging or otherwise encumbering them. The National Settlement Depository (NSD) and the nominee holder shall, without the holder’s instruction, enter a record of this restriction on the account where the holder’s rights to the Exchange-traded bonds are recorded.

Exchange-traded bonds shall be acquired at the established acquisition price on the Date of acquisition upon holders’ request, on the non-exchange market, by transferring the Exchange-traded bonds in accordance with the current legislation of the Russian Federation, taking into account the rules established by the NSD for interaction in connection with acquisition, and for the transfer of funds by the Issuer to the NSD in fulfillment of obligations under requests for acquisition submitted in accordance with Article 17.3 of the Federal Law No. 39-FZ dated April 22, 1996 “On the Securities Market”

Magnit announces the decision to acquire its issued exchange-traded bonds