Krasnodar, September 03, 2019: PJSC “Magnit”, one of the leading Russian retailers (hereinafter — the Company, Group; Magnit; MOEX and LSE: MGNT), announces that Andrey Bodrov has been appointed as Chief Investment Officer with an immediate effect.

Andrey will be responsible for the investment activity and capital allocation, M&A strategy and execution, the Company’s post-investment analysis, as well as for management of the strategic projects’ portfolio. Andrey Bodrov has almost 15 years experience in investment business and retail. Before joining Magnit, Andrey was M&A Director in Lenta, where he led significant number of deals, in particular including acquisition of K-Ruoka and part of the Holiday Group’s supermarkets portfolio, strategic lease agreement for the hypermarkets previously operated under NASH brand, agreement with ADG Group on the supermarkets roll-out in Moscow. He was also spearheading the efforts on assessing some new potential business segments and supporting existing store base in certain regions. Earlier, Mr. Bodrov held various positions in Morgan Stanley, VTB Capital, Deutsche Bank, and Renaissance Capital, where he was particularly focused on retail and consumer goods and participated in many landmark M&A and capital markets transactions.

Jan Dunning, Magnit’s President and CEO, commented on the appointment:

“I am excited to welcome Andrey Bodrov into Magnit’s team. I am certain that his diverse background in investment banking and retail will allow us to improve effectiveness of our capital expenditures and strategic and investment decisions.”

Magnit announces appointment of the Chief Investment Officer