Krasnodar, Russia (August 10, 2018): PJSC “Magnit” (MOEX and LSE: MGNT), one of Russia’s leading retailers announces the cessation of the right of OpenheimerFunds, Inc. to dispose of a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit”.

On August 6, 2018 the right of OppenheimerFunds, Inc. (225 Liberty Street, New York, New York, 10281, United States) to dispose of a certain number of votes accounted for voting shares (stakes) in the charter capital of PJSC “Magnit” ceased.

Type of the right: indirect disposal

Attribute of the right: joint disposal with other entities

The basis on which OppenheimerFunds, Inc. ceased the right to dispose of a certain number of votes accounted for voting shares (stakes) that constitute the charter capital of PJSC “Magnit”: decrease of share in the issuer.

Number and percentage of votes accounted for voting shares (stakes) that constitute the charter capital of PJSC “Magnit” which OppenheimerFunds, Inc. had the right to dispose of prior to the occurrence of the corresponding basis: information on the number of votes which OppenheimerFunds, Inc. had the right to dispose, has not been provided to the Issuer, the share of votes was 7.28%.

Number and percentage of votes accounted for voting shares (stakes) that constitute the charter capital of PJSC “Magnit” which OppenheimerFunds, Inc. has the right to dispose of after the occurrence of the corresponding basis: 4,875,693 votes (4.78%).

PJSC “Magnit” Announces the Cessation of the Right of OppenheimerFunds, Inc. to Dispose of a Certain Number of Votes Accounted for Voting Shares (Stakes) in the Charter Capital of PJSC “Magnit”