Magnit PJSC (“Magnit”, the “Company”; MOEX ticker: MGNT) has been informed by its shareholder Lavreno Limited (“Lavreno”) that it has successfully completed a placing of 1,000,000 existing shares of the Company owned by it (the “Placing”) in the form of local Ruble denominated shares, representing 1% of the Company’s outstanding share capital.

The shares offered in the Placing were placed in an accelerated bookbuilt offering at a price of 9,823 RUB, raising gross proceeds of approximately 9.8 bn RUB.

Sergey Galitsky also made clear his intention to remain long-term strategic investor in the Company and that the proceeds to Lavreno from the Placing will be used to fund a separate investment.

Morgan Stanley & Co. International plc (“Morgan Stanley”) and VTB Capital (“VTB”) acted as Joint Global Coordinators and Joint Bookrunners for the offer.

Notification of Successful Share Placing by Lavreno Limited at 9,823 RUB per Share