Krasnodar, Russia (April 10, 2019): PJSC “Magnit” (MOEX and LSE: MGNT) (the “Company”), one of Russia’s leading retailers, announces the completion of the share buyback of the Company’s ordinary shares (ISIN: RU000A0JKQU8) (the “Shares”) announced on March 29, 2019 (the “Buy-back”).

During the Buy-back, between April 1, 2019 and April 5, 2019, the Company purchased 164,710 shares; the cost of shares purchased by JSC “Tander” (subsidiary company of PJSC “Magnit”) from Renaissance Broker LLC (“Renaissance”) amounts to 606,978,660 rubles based on the average purchase price.

Renaissance has, between April 4, 2019 and April 5, 2019, made purchases of the Company’s shares on the Moscow Exchange pursuant to the Company’s share buyback.

Aggregated and detailed information regarding such purchases is set out below.

The Shares have been sold by Renaissance to JSC Tander at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.

PJSC “Magnit” Announces Completion of Share Buy-back and Transactions within the Share Buy- Back