Krasnodar, Russia (April 6, 2018): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT), announces additional information with regards to candidates, nominated to the Board of Directors by Sergey Galitsky.

Ahead of the upcoming Extraordinary General Meeting (EGM) of PJSC “Magnit” (the “Company” or “Magnit”) to be held on April 19th, 2018, at which a new Board of Directors will be elected, the Company would like to release additional information with regards to candidates, nominated to the Board of Directors by Sergey Nikolayevich Galitsky.

After the sale of a 29.1% stake in Magnit to VTB Group, Sergey Galitsky has fully resigned from the operational management of the Company, however, remains a significant minority shareholder with approximately 2.7% stake in the Company. As a minority shareholder and the founder of the Company, Sergey Galitsky would like to ensure further successful development of Magnit’s business, as such he has nominated the following Director candidates into the new Board who in his view should contribute to further growth of the Company:

Gregor Mowat

Paul Foley

Khachatur Pombukhchan

Ilya Sattarov

Charles Ryan

Sergey Galitsky believes that his proposed nominees, including 3 independent directors, are the best-in-class professionals experienced in managing the leading retail companies and developing best practice corporate governance standards in public companies, and these Directors, if elected, will contribute to a successful sustainable growth of the business and increase in Magnit’s equity value.

PJSC “Magnit” Announces Additional Information with regards to Candidates, nominated to the Board of Directors by Sergey Galitsky