MAGNIT PJSC: Magnit announces appointment of HR Director

MAGNIT PJSC (MGNT) MAGNIT PJSC: Magnit announces appointment of HR Director 19-Aug-2019 / 10:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press-Release | Krasnodar | August 19,2019   Magnit announces appointmentof HRDirector   Krasnodar, August19,2019:Magnit PJSC (MOEX and LSE: MGNT; hereinafter - the "Company" or the "Group"), one of Russia's leading retailers, announces the appointment of Anna Bobrova to the position of the HRDirector.   Annawillberesponsibleforthehumanresourcesfunctionsof the company, includingorganizational development, employee recruitment, training and development, as well as the motivational systems. Annahasalmost 20 yearsofexperienceinHR and has successfully implemented projects aimed at development and performance enhancement of line staff and management, increase of service level in stores,as well as built and managed modern IT systemsin employee managementof the retail sector. Before joining Magnit Annaheld managerial positions in HR infood retail chains, such as X5 Retail Group andMetro, and companies like Sia Group, Rimera Group, Rosatom. Tatyana Knyazeva, the former Head of the Directorate for HR, has decided to leave the company but will remain in an advisory role until October 31st to allow for a smooth transition. JanDunning, Magnit'sPresidentandCEO, commented: «Magnit is in the process of the largest business transformation of its 25-year history. The key success factor here are our people, employees of Magnit, who have already built one of the flagshipsof Russian retail, and now have to adapt itto modern needs of our customers and the market. That is why, I'm especially pleasedtowelcomeAnnaonboard, knowing that her vast inter-industry experience will allow Magnit's team to achieve itsgoals. Wearegratefulto Tatyana Knyazevafor extensive work she has done for the benefit of the company in this time of significant change».     For further information, please contact:   Dmitry Kovalenko Director for Investor Relations Email: [e-mail] Office: [phone]   Dina Chistyak Director for Investor Relations Email: [e-mail] Office: [phone] x 15101   Media Inquiries Email: [e-mail]   Company description: Public Joint Stock Company "Magnit" (MOEX and LSE: MGNT, S&P - "BB") is a holding company of the group of companies (the Company) carrying out retail trade through the "Magnit" retail chain. The Company's headquarters are in Krasnodar. "Magnit" retail chain is one of Russia's leading grocery retailers. As of June 30, 2019, "Magnit" operated 19,884 stores (14,231 convenience stores, 466 Magnit Family supermarkets, and 5,187 drogerie stores) in 3,354 cities and towns across the Russian Federation. Approximately two thirds of the Company's stores are opened in cities with a population of less than 500,000 people. The majority of the Group's stores are located in the Southern, North Caucasian, Central, and Volga Federal Districts. Magnit's stores also operate in the North-Western, Ural and Siberian Federal Districts. The Company has its own logistics network which, as of June 30, 2019, includes 38 distribution centers, automated management system for inventory and for its motor fleet, which consists of 5,857 vehicles. In accordance with the Company's non-audited IFRS management statements, Magnit's revenues for 1H 2019 amounted to RUB 662 billion, with EBITDA of RUB 43 billion.

ISIN:	US55953Q2021
Category Code:	MSCU
TIDM:	MGNT
LEI Code:	2534009KKPTVL99W2Y12
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	17171
EQS News ID:	859331

End of Announcement	EQS News Service