Sustainability Report for 2023

We are pleased to present Magnit’s Sustainability Report for 2023. For five years, Magnit has been preparing these reports to disclose its sustainability performance highlights to a wide range of stakeholders. The Report covers non-financial performance, management approach and progress towards our sustainability strategy goals, as well as Magnit’s environmental, social and governance initiatives.

This Report is aligned with GRI, SASB and TCFD standards, as well as other international and national recommendations for the preparation of non-financial reporting to ensure the most complete and accurate disclosure of information.

The Sustainability Report should be read in its entirety, taking into account the content of all its sections, as well as the notes and explanations contained therein, including the information set forth in this section.

The Sustainability Report of PJSC Magnit for 2023 (also referred to as PJSC Magnit) was prepared based on the information available to PJSC Magnit and its subsidiaries (also referred to collectively as the Group, Magnit Group, Magnit, the Company) as at 31 December 2023, unless otherwise implied by the meaning or content of the information presented.

Forward-looking statements are not based on current circumstances and include all statements concerning the Company’s intentions, opinions or current expectations regarding its performance results and sustainability strategy. By their nature, such forward-looking statements are characterised by risks and uncertainties since they relate to events and depend on circumstances that may not occur in the future.

Such terms as “assume”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “consider”, “could”, along with other similar or equivalent expressions, as well as those used in the negative usually indicate the predictive nature of the statement. These assumptions involve risks and uncertainties that may or may not be foreseen by the Company. Therefore, future performance may differ from current expectations, and the recipients of the information presented in the Sustainability Report should not base their assumptions solely on it.

Since February 2022, geopolitical tensions have escalated and certain countries have announced and imposed, and subsequently expanded various sanctions against the Russian Federation’s sovereign debt, a number of Russian banks, entities and individuals. The Russian Federation has taken a number of retaliatory measures, including measures that radically change the regulation of Russian business from what it was as at 31 December 2021. These events, both separately and in combination with other known and unknown circumstances, including those arising after 31 December 2023 in terms of changes in the conditions for the operation of international businesses in the Russian Federation, may affect the Company’s sustainability strategy, plans, ongoing projects and partnerships.

In addition to official information about Magnit’s operations, this Sustainability Report contains information obtained from third parties and sources deemed reliable by the Company. However, the Company does not guarantee the accuracy of this information, since it may be abridged or incomplete.

Magnit makes no warranty that the actual performance, scope or indicators of its business or the related sector will be consistent with the performance, scope or indicators expressed or implied by any forward-looking statements contained in this Sustainability Report or elsewhere.

Magnit shall not be liable for any loss that may arise to any person as a result of such person’s reliance on forward-looking statements. Except as expressly required by applicable law, the Company assumes no obligation to disseminate or publish any updates or revisions to forward-looking statements to reflect any change in expectations or new information, or subsequent events, conditions or circumstances.