Krasnodar, November 15, 2017: Magnit PJSC, one of Russia’s leading retailers (the “Company”, “Issuer”; MOEX and LSE: MGNT), is pleased to announce the Decision on Placement of Securities and the Approval of the Decision to Issue Securities.

Please be informed that on November 15, 2017 the Board of Directors of PJSC “Magnit” in the form of joint presence (place of meeting: office 5105, 5th floor, 15/5 Solnechnaya street, Krasnodar, Russia) made the following decisions:

“To increase the charter capital of PJSC ‘Magnit’ by means of placement of the additional ordinary registered uncertified shares with the nominal value of 0.01 rubles (zero rubles 1 kopeck) each in the amount of 7,350,000 (seven million three hundred and fifty thousand) shares.

The shares shall be placed by means of open subscription.

The date of record of persons holding the preemptive right for the acquisition of shares of the additional issue — November 25, 2017”.

“To determine the offer price of the PJSC ‘Magnit’ ordinary registered uncertified shares of the additional issue for persons holding the preemptive right for the acquisition of the ordinary registered uncertified shares, and other acquirers of the ordinary registered uncertified shares of the additional issue in the amount of 6,185 rubles per share.

The payment of shares by potential acquirers shall be made with monetary funds by money transfer in the currency of the Russian Federation”.

The Company’s shareholders as of November 25, 2017 (the 10th day from the decision of the Company’s Board of Directors on the placement of Shares) have pre-emptive rights to acquire shares pro rata to their shareholding (Shares of this category (type)).

The Securities Prospectus is expected to be registered in the course of the issue of the additional ordinary registered shares of the Company.

The Company intends to file the notice on the results of issuance (additional issuance) of securities with the registering authority after the completion of the securities placement.

The following BOD members were present: V. Gordeychuk, S. Galitskiy, K. Pombukhchan.

A. Shkhachemukov, A. Aleksandrov, D. Chenikov and A. Pshenichniy provided their written opinions on the items of the agenda of the BOD meeting of PJSC “Magnit”.

The number of the BOD members participating in the meeting, including written opinions of

A. Shkhachemukov ,A. Aleksandrov, D. Chenikov and A. Pshenichniy amounts to not less than half of the number of the BOD members determined by the Charter of the Company.

Quorum to hold the BOD meeting with this agenda was present.

Voting result on the agenda items: V. Gordeychuk — “for”, A. Aleksandrov — “for”, S. Galitskiy — “for”, D. Chenikov — “for”, K. Pombukhchan — “for”, A. Pshenichniy — “for”, A. Shkhachemukov — “for”.

Type, category, series and other identification attributes of the placed securities: ordinary registered uncertified shares (state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8).

Magnit announces the decision on placement of securities and the approval of the decision to issue securities