Magnit to Hold Its 2021 Capital Markets Day

Krasnodar, Russia (February 16, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia’s leading retailers, announces that it will host a Capital Markets Day (‘CMD’) on 18 February 2021.

The event will take place virtually starting at 16:00 MSK / 13:00 GMT / 08:00 EST.

At the CMD, Magnit’s management team will present the Company’s strategy and growth plans, including the following key areas:

· Improvement in CVP across core store formats;

· Digital transformation and development of omnichannel retail;

· Efficiency improvements;

· Retail with Purpose - 2025 ESG commitments and targets;

· Long-term targets.

Presenters will include:

· Jan Dunning, President and CEO;

· Dmitry Ivanov, Acting CFO;

· Andrey Bodrov, Chief Investment and Strategy Officer;

· Ruslan Ismailov, Deputy CEO - Retail Chain Director;

· Florian Jansen, Deputy CEO - Executive Director.

The CMD agenda is as follows*:

· 16:00 - 17:30 Management Presentations;

· 17:30 - 18:30 Q&A Session.

*Moscow time

Commenting on the CMD, Jan Dunning, President and CEO, said: “As one of Russia’s leading retailers, we are committed to maintaining consistent and transparent communications with our investors. At the CMD we look forward to presenting our strategy to our stakeholders to further improve our customer proposition in store and online, drive efficiency and profitability, and further develop our strong market position.”

To join the event, participants are invited to register via the link https://www.magnit.com/en/shareholders-and-investors/cmd/.

The Capital Markets Day presentation will be available on the Company’s website from 10:00 am Moscow time on 18 February 2021 at https://www.magnit.com/en/shareholders-and-investors/presentations/ and a recording of the presentation and Q&A will be made available after the event.

Magnit to hold its 2021 Capital Markets Day