Krasnodar, October 29, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the procedure of exchange-traded bonds placement and the terms of the offers’ submission.

On October 29, 2015 the Chief Executive Officer of PJSC “Magnit” determined the placement procedure of the non-convertible interest-bearing certified exchange-traded bonds of PJSC “Magnit” of the BO-001P-01 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-001P-02E as of 23.10.2013 (hereinafter — the Bonds), as well as the term and the procedure of the submission of the offers from the potential acquirers to execute the preliminary sale and purchase agreements (hereinafter — the Offers).

The placement of the Bonds shall be exercised via book-building.

The Offers shall be submitted from October 29, 2015 at 11 AM Moscow time to October 29, 2015 at 5 PM Moscow time. According to the preliminary agreements, potential acquirers and the Underwriter (JSC “ALFA-BANK”) shall execute the principal Bonds sale and purchase agreements on the commencing date of the Bonds placement.

The expiration time of the Offers submission, preliminary determined by the decision of the sole executive body of the Issuer, may be changed by the sole executive body of the Issuer.

The Offers shall be delivered to the Underwriter’s address — JSC “ALFA-BANK”: 12 Akademika Sakharova prospect, Moscow, 107078.

The bank details to transfer the payment for the securities can be found in the relevant Material Fact http://ir.magnit.com/en/information-disclosure/material-facts/

The approved form of the Offer can be found at the official website of the Company https://ir.magnit.com/en/information-disclosure/charter-capital-and-issuing-documents/

PJSC “Magnit” announces the procedure of exchanged-traded bonds placement and terms for the offers’ submission