Krasnodar, Russia (September 27, 2018): Magnit PJSC (MOEX and LSE: MGNT) (the “Company”), one of Russia’s leading retailers, announces that Renaissance Broker LLC (“Renaissance”) has, between September 20, 2018 and September 26, 2018, made purchases of the Company’s ordinary shares (ISIN: RU000A0JKQU8) (the “Shares”) on the Moscow Exchange pursuant to the Company’s share buyback programme announced on August 21, 2018 (the “Programme”). Aggregated and detailed information regarding such purchases is set out below.

The Shares have been or will be sold by Renaissance to JSC Tander (a subsidiary of the Company) 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 Transactions within the Share Buy-Back Programme