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ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC Magnit

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MAGNIT PJSC (MGNT)
ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC Magnit

05-Nov-2019 / 10:46 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States, Australia, Canada, Japan or any
other jurisdiction in which offers or sales would be prohibited by law. The
distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer of, or the
solicitation of an offer to purchase or subscribe for, the securities to any
person in the United States, Australia, Canada or Japan or in any jurisdiction
to whom or in which such offer or solicitation is unlawful. The Securities may
not be offered or sold in the United States unless registered under the US
Securities Act or offered in a transaction exempt from, or not subject to, the
registration requirements of the US Securities Act. The offer and sale of the
Securities referred to herein has not been and will not be registered under
the US Securities Act or under the applicable securities laws of Australia,
Canada or Japan. Subject to certain exceptions, the Securities referred to
herein may not be offered or sold in Australia, Canada or Japan or to, or for
the account or benefit of, any national, resident or citizen of Australia,
Canada or Japan. There will be no public offer of the Securities in the United
States, Australia, Canada or Japan or elsewhere.

Members of the general public are not eligible to take part in the sale. In
member states of the European Economic Area ("EEA") (each, a "Relevant Member
State"), this announcement and any offer if made subsequently is sent and
addressed to and directed only at persons who are "qualified investors" within
the meaning of the Prospectus Directive ("Qualified Investors"). For these
purposes, the expression "Prospectus Directive" means Directive 2003/71/EC
(and amendments thereto, including the 2010 PD Amending Directive), and
includes any relevant implementing measure in the Relevant Member State and
the expression "2010 PD Amending Directive" means Directive 2010/73/EU. In the
United Kingdom this announcement is sent and distributed to and directed
exclusively at Qualified Investors (i) who have professional experience in
matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order") or (ii) who fall within Article 49(2)(A) to (D) of the Order, or
(iii) to whom it may otherwise lawfully be communicated, and the Securities
will only be available to, and any investment activity to which this
announcement relates will only be engaged in with, such persons and it should
not be relied on by anyone other than such persons.

THIS ANNOUNCEMENT AND MATERIALS CONTAINED IN IT ARE PROVIDED EXCLUSIVELY FOR
INFORMATION AND ARE NOT AN OFFER OR A PART OF AN OFFER OR AN INVITATION TO
ACQUIRE OR DISPOSE SECURITIES IN ANY JURISDICTION INCLUDING THE USA,
AUSTRALIA, CANADA AND JAPAN.

Press Release | Krasnodar |November 5, 2019

ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC
"Magnit"
******************************************************************************
**

Krasnodar, Russia (November 5, 2019): PJSC "Magnit"(MOEX and LSE: MGNT) (the
"Company"), one of Russia's leading retailers, announces the assignment of the
credit rating by ACRA Agency to the exchange-traded bonds of PJSC "Magnit".

Please note that on November 5, 2019 Analytical Credit Rating Agency ACRA
(JSC) assigned credit rating AA (RU) to the exchange-traded bonds of PJSC
"Magnit".

The credit rating of the Company is based on its very strong operating
profile, very large size, high profitability, and very strong liquidity. The
rating is constrained by medium coverage and moderate cash flow.

Type of securities: Non-convertible interest-bearing
certified exchange-traded bonds
of PJSC "Magnit" of the
BO-003P-04 series to the bearer
with the obligatory centralized
custody, placed under the Program
of the exchange-traded bonds of
003P series with the
identification number of
4-60525-P-003P-02E as of
30.01.2018, bonds issue
identification number
4B02-04-60525-?-003P as
29.10.2019, ISIN: RU000A100ZS3
(the Exchange-traded bonds)
Identification number 4B02-04-60525-P-003P of
assigned to the issue and the 29.10.2019
date of assignment:

The information on the rating assignment methodology by ACRA Agency under the
national scale for the Russian Federation is available on the website
https://www.acra-ratings.ru/criteria/381

Other information on the rating is available on the website:
https://www.acra-ratings.com/press-releases/1498.

For further information, please contact:

Dmitry Kovalenko

Director for Investor Relations

Email: dmitry_kovalenko@magnit.ru

Office: +7 (861) 210-48-80

Dina Chistyak

Director for Investor Relations

Email: dina_chistyak@magnit.ru

Office: +7 (861) 210-9810 x 15101

Media Inquiries

Media Relations Department

Email: press@magnit.ru

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 September 30, 2019, Magnit operated 38 distribution centres
and 20,497 stores (14,507 convenience, 467 supermarkets and 5,523 drogerie
stores) in 3,694 cities and towns throughout 7 federal regions of the Russian
Federation.

In accordance with the unaudited IFRS management accounts for 9M 2019, Magnit
had revenues of RUB 1,000 billion and an EBITDA of RUB 63 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.: 27144
EQS News ID: 904471

End of Announcement EQS News Service



(END) Dow Jones Newswires

November 05, 2019 02:46 ET ( 07:46 GMT)
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