PJSC MAGNIT - Audited FY 2016 Financial Results Publication Date

Press Release

Krasnodar

March 20, 2017

Magnit Announces the Publication Date of its Audited FY 2016 Financial Results Prepared in accordance with the IFRS

Krasnodar, Russia (March 20, 2017): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) is pleased to announce the publication date of its audited FY 2016 financial results prepared in accordance with the IFRS.

Please be informed that Magnit plans to release its audited FY 2016 financial results prepared in accordance with the IFRS on Friday, March 24, 2017 at 10:00 AM (Moscow time).

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Company description:

Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2016, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,494 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2016, Magnit had revenues of RUB 1,075 billion and an EBITDA of RUB 108 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.