Krasnodar, August 15, 2017: “Magnit” PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT), has been included in the 100 World’s Most Innovative Companies Ranking by the American edition of the Forbes business magazine.

Please be informed that “Magnit” retail chain was ranked 53^rd in the 100 World’s Most Innovative Companies List by the American edition of the Forbes business magazine.

Forbes compiles the ranking relying on investors’ ability to identify companies they expect to be innovative now and in the future.

The main criterion of the assessment is “innovation premium”: the difference between the market capitalization of companies and a net present value of cash flows from existing businesses (based on a proprietary formula from Credit Suisse HOLT). The “Magnit” innovation premium amounts to 46.81%.

To be included in the ranking, companies need seven years of public financial data and $10 billion in market capitalization.

Please follow the link below to view the full list of companies included in the ranking: https://www.forbes.com/innovative-companies/list/#tab:rank

Magnit has been included in the world’s most innovative companies ranking by Forbes