Press Release | Krasnodar | October 28, 2020

Magnit announces the coupon yield payment

Krasnodar, Russia (October 28, 2020): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the 1st coupon yield payment against bonds.

Please be informed that today PJSC Magnit fulfilled its obligation of the 1st coupon yield payment against bonds of the BO-002P-02 series in the amount of 334,100,000 rubles.

Parameters of the bond issue:

For further information, please contact:

Dmitry Kovalenko   Dina Chistyak    Media Inquiries

Director for Investor Relations  Director for Investor Relations  Media Relations Department

Email: [email protected]  Email: [email protected] Email: [email protected]

Office: +7 (861) 210-48-80  Office: +7 (861) 210-9810 x 15101

Note to editors:

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 June 30, 2020, Magnit operated 38 distribution centres and 20,894 stores (14,581 convenience, 472 supermarkets and 5,841 drogerie stores) in 3,710 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS 16 management accounts results for 1H 2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 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.