Krasnodar, Russia (August 25, 2017): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) announces its reviewed 1H 2017 results prepared in accordance with IFRS.

During 1H 2017 Magnit added (net) 785 stores. The total store base as of June 30, 2017 reached 14,844 stores (11,114 convenience stores, 240 hypermarkets, 190 “Magnit Family” stores and 3,300 drogerie stores). Selling space increased by 13.73% in comparison with 1H 2016 from 4.68 million sq. m. to 5.32 million sq. m.

During the first half 2017 Magnit refurbished 830 convenience stores. 655 new stores have been opened under the new concept. Total number of the convenience stores in the new concept is 2,162 as of June 30, 2017.

Revenue increased by 6.4% from 522 billion RUR in 1H 2016 to 555 billion RUR in 1H 2017.

Gross Profit increased from 142 billion RUR in 1H 2016 to 153 billion RUR in 1H 2017. Gross Margin in 1H 2017 was 27.5%.

EBITDA in 1H 2017 was 49 billion RUR. EBITDA margin in the 1H of 2017 was 8.8%. Net Income in 1H 2017 was 21 billion RUR. Net Income Margin in 1H 2017 was 3.7%. According to Rosstat, CPI in 1H 2017 was 4.4% Y-o-Y compared to 7.5% in 1H 2016. Food inflation in 1H 2017 was 4.8% Y-o-Y vs 6.2% in 1H 2016.

According to the reviewed results for the 1H 2017 some numbers presented in this press release are immaterially higher or lower compared to the management accounts numbers announced by the Company on July 21, 2017.

Magnit announces reviewed 1H 2017 results