Krasnodar, Russia (October 20, 2017): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT), updates guidance for 2017.

Based on the analysis of sales for 9M this year the management of the Company updates guidance for 2017:

Sales Growth in RUR:	8-10%
Number of Store Openings, net	Gross Openings	Net openings
— Convenience stores	2 100	2 000+
— Hypermarkets and Magnit Family	39	21
— Cosmetics stores	800	670

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.

Magnit updates guidance for 2017