Krasnodar, Russia (28 September, 2018): Magnit PJSC (MOEX and LSE: MGNT), one of Russia’s leading retailers announces the execution of the material transaction on September 28, 2018 (the contract on the shareholder’s contribution to the assets of its subsidiary JSC “Tander”).

Type of transaction: major transaction.

Subject of transaction:

Contract on shareholder’s contribution to the Company’s assets.

Content of transaction:

For the purposes of financing and supporting the activities of JSC “Tander” (“the Company”), PJSC “Magnit” (the “Shareholder”) shall transfer the contribution in the amount of 60,000,000,000 (sixty billion) rubles to the Company’s assets free of charge, and the Company shall accept this contribution and use it in its activities.

The Shareholder shall transfer the contribution to the Company within 30 days upon signing of the Contract to the settlement account of the Company. The contribution voluntarily made to the Company’s assets shall not change the size of the Shareholder’s share, shall not increase the authorized capital of the Company and shall not change the nominal value of the shares.

Deadline to fulfil obligations under the transaction:

30 days upon the date of signature of the Contract.

Parties and beneficiaries under the transaction:

PJSC “Magnit” (the shareholder contributing to the Company’s assets), JSC “Tander” (the Company accepting the contribution to its assets).

Amount of transaction: 60,000,000,000 (sixty billion) rubles which constitutes 43.41% of the issuer’s balance sheet assets as of June 30, 2018.

The value of assets of the issuer or of the entity securing the issuer’s bonds, which executed the

transaction, as of the date of the latest reporting period preceding the transaction (execution of a contract): 138,208,104 thousand rubles.

Date of the transaction (date of the contract): September 28, 2018

Information on the approval of the transaction:

The transaction was approved by the BOD of PJSC “Magnit” on September 06, 2018 (minutes of meeting of September 07, 2018).

PJSC “Magnit” Signs the Contract with its Subsidiary JSC «Tander» to Make the Contribution to its Assets