Public Joint Stock Magnit : PJSC Magnit announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit

MAGNIT PJSC (MGNT) PJSC Magnit announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit 03-Sep-2020 / 09:40 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press-Release | Krasnodar | September 3, 2020   PJSC Magnit announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit   Krasnodar, Russia (September 3, 2020): Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the termination of Dodge & Cox's right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit.   On September 2, 2020 PJSC Magnit received notification from Dodge & Cox (555 California Street, 40th floor, San Francisco, California, 94104, USA, Principal State Registration Number C0368317; Taxpayer Identification Number: 94-1441976) on the termination of the right to dispose a certain number of votes attached to voting shares (stakes) that constitute the charter capital of PJSC Magnit on August 19, 2020.   Type of the right of votes disposal: indirect disposal. Attribute of the right of votes disposal: sole disposal. The basis of termination of the right of votes disposal: trust management agreement. Number of shares and % in the charter capital before the basis of termination of the right of disposal: 5,144,652 shares (5.048%). Number of shares and % in the charter capital after the basis of termination of the right of disposal: 5,094,652 shares (4.9991%). Date of the basis of termination of the right of disposal: August 19, 2020.     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 Media Relations Department Email: [e-mail]       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.

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.:	83437
EQS News ID:	1126961

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