Krasnodar, Russia (November 16, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the cessation of Lavreno Limited’s right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit”.

On November 16, 2017 the right of Lavreno Limited (Spyrou Kyprianou 20, Chapo Central, 3’ floor, 1075, Nicosia, Cyprus) to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit” ceased.

Type of stock power: direct power.

Attribute of stock power: sole power.

The basis of the stock power: cessation (decrease of stake) in the issuer.

Number of shares and % in the charter capital before the basis of the stock power: 7,310,850 shares (7.731330%).

Number of shares and % in the charter capital after the basis of the stock power: 210,850 shares (0.222977%).

PJSC “Magnit” announces the cessation of Lavreno Limited’s right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit”