Krasnodar, Russia (03 August, 2018): Magnit PJSC (MOEX and LSE: MGNT), one of Russia’s leading retailers announces the results of the Board of Directors meeting held on August 01, 2018.

Please be informed that on August 01, 2018 the BOD meeting was held (minutes of the BOD meeting of PJSC “Magnit” are w/o No. of August 03, 2018).

The meeting agenda:

1. Approval of the budget of PJSC “Magnit” Group of Companies for the 2^nd half of 2018.

7 (seven) of the 7 (seven) BOD members participating in the BOD meeting were present. Quorum to hold the BOD meeting with this agenda is present.

Voting Results:

Items 1.1

Mowat Gregor William — “for”, Demchenko Timothy — “for”, Simmons James Pat — “for”, Makhnev Alexey Petrovich — “for”, Foley Paul Michael — “for”, Prysyazhnyuk Alexander Mikhailovich — “against”, Ryan Charles Emmitt — “for”.

Items 1.2

Mowat Gregor William — “for”, Demchenko Timothy — “for”, Simmons James Pat — “for”, Makhnev Alexey Petrovich — “for”, Foley Paul Michael — “for”, Prysyazhnyuk Alexander Mikhailovich — “for”, Ryan Charles Emmitt — “for”.

The decisions were made.

Content of the decisions:

Item 1.1 on the agenda:

“To approve the budget of PJSC ‘Magnit’ Group of Companies for the 2^nd half of 2018.”

Item 1.2 on the agenda:

“The management of PJSC ‘Magnit’ shall present detailed information according to the comments of the members of the Board of Directors of PJSC ‘Magnit’ at the next Board meeting.”

Magnit Announces the Results of the BOD Meeting