Press-Release | Krasnodar | August 21, 2020

Magnit Once Again Rated One of ’s Most Valuable Brands The Retail Chain is the only retailer among the top ten most valuable Russian brands according to the British consulting company Brand Finance. Krasnodar, Russia (August 21, 2020): Magnit takes the seventh place among the top 50 outstanding Russian brands. The Chain’s brand is valued by analysts at RUB 172.7 billion. Sberbank stands at the top of the rating, with in the second place and in the third. , Russian Railways, VTB, MTS, and are also in the top ten. It is reported that, when calculating brand value, brand strength is also taken into account, along with marketing investments, brand equity, and the impact of these factors on business performance.

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Note to editors about Magnit: 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 unaudited 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 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.