S&P Global Ratings has upgraded Magnit’s credit rating to “BB +”

For more information, please contact:

Dina chistyak

Head of Investor Relations
dina_chisty[email protected]

Office: +7 (861) 210 9810 x 15101

Media inquiries Twitter

[email protected] @MagnitIR

Note to editors

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

In accordance with the results of the unaudited IFRS 16 management accounts for 9M 2021, Magnit achieved sales of RUB 1,311.5 billion and EBITDA of RUB 151.4 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it is rated by Standard & Poor’s of BB.

Forward-looking statements

This document contains or may contain forward-looking statements which may or may not prove to be correct. For example, statements regarding the rate of sales growth and / or expected 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 on the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this cautionary statement. Magnit assumes no obligation to update or revise any forward-looking statement to reflect any change in circumstances.