Krasnodar, Russia (March 06, 2019): Magnit PJSC (MOEX and LSE: MGNT) (the “Company”), one of Russia’s leading retailers, announces the completion of the share buyback programme of the Company’s ordinary shares (ISIN: RU000A0JKQU8) (the “Shares”) announced on August 21, 2018 subject to the amendments announced on October 5, 2018 (the “Programme”).

During the Programme, between September 5, 2018 and March 1, 2019, the Company purchased 5,897,776 shares; the cost of shares purchased by JSC “Tander” (subsidiary company of PJSC “Magnit”) from Renaissance Broker LLC (“Renaissance”) amounts to 22,199,822,191 rubles based on the average purchase price.

Renaissance has, between February 28, 2019 and March 1, 2019, made purchases of the Company’s shares on the Moscow Exchange pursuant to the Company’s share buyback.

Aggregated and detailed information regarding such purchases is set out below.

The Shares have been sold by Renaissance to JSC Tander at a price linked to the average price on the Moscow Exchange for the buy-back period, determined in accordance with the terms agreed between Tander and Renaissance.

PJSC “Magnit” Reports on Completion of Share Buy-back Programme and on Transactions within the Share Buy-Back Programme