Statement regarding press speculation

Krasnodar, Russia (May 18, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia’s leading retailers, announces that today’s news regarding Magnit board decisions on dividend payment for 2020 is untrue and incorrect.

Please note, that information in the recent media publications has no relevance to PJSC Magnit (15/5 Solnechnaya street, Krasnodar).

Magnit Board decisions, including recommendation on dividend payment and the amount of dividends for the full year of 2020, made on April 21, 2021 and disclosed on April 26, 2021 remain intact.

The Company bring the market attention to its legal registered address and its website used by the issuer for information disclosure:

Address of the issuer: 15/5 Solnechnaya street, Krasnodar, Russian Federation

Principal State Registration Number of Magnit: 1032304945947

Taxpayer Identification Number of Magnit: 2309085638

Unique code of the issuer, assigned by the registration authority: 60525-Р

Website used by the issuer for information disclosure: https://www.e-disclosure.ru/portal/company.aspx?id=7671

https://www.magnit.com