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Andrey Lukashevich

Magnit's E-Commerce Director

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"In less than a year, GMV of the Company's e-commerce services has reached a tangible level. We show excellent growth rates for the Russian e-commerce market, given that, usually, it takes players up to several years to achieve such a result. We see the growing customer interest in our online projects and keep scaling this service up across the geography. In many regions we have already become e-commerce market leaders. One of our main objectives is to be present throughout the whole customer journey and cater to customer needs "in one click."

For further information, please contact:

Dina Chistyak

Head of Investor Relations 

Office: +7 (861) 210 9810 x 15101

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Note to editors

"Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 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.

Forward-looking statements

This document contains or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.