Krasnodar, Russia (March 15, 2018): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the cessation of Mr. Sergey Galitskiy’s right to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit”.

On March 14, 2018 the right of Mr. Galitskiy Sergey N. to dispose a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit” ceased.

Type of stock power: indirect 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: 32,760,132 shares (32.145713%).

Number of shares and % in the charter capital after the basis of the stock power: 3,103,932 shares (3.045718%).

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