Information (materials) to be provided to persons entitled to participate in the annual shareholders meeting of PJSC "Magnit" to be held on June 27, 2024

№8 "ASSESSMENT OF THE AUDITOR'S REPORT ON THE CONSOLIDATED

FINANCIAL STATEMENTS OF PJSC "MAGNIT" AND ITS SUBSIDIARIES FOR YEAR 2023 IN ACCORDANCE WITH FEDERAL LAW AS OF JULY 27, 2010 №208-FZ "ON

CONSOLIDATED FINANCIAL STATEMENTS"

In accordance with the requirements of the Articles of Association of PJSC "Magnit" (hereinafter the Company), approved by the Company's Annual General Meeting of Shareholders on June 10, 2021, Regulations on the Committees of the Board of Directors of PJSC "Magnit", approved by the Company's Board of Directors on November 9, 2021, the Audit Committee of the Board of Directors of PJSC "Magnit" (hereinafter the Audit Committee) has evaluated the auditor's report on consolidated financial statements of PJSC "Magnit" and its subsidiaries for 2023, prepared in accordance with the Federal Law No. 208-FZ dated 27.07.2010 "On Consolidated Financial Statements".

The Audit Committee hereby expresses its opinion solely with respect to the decision presented below and does not express its opinion in respect of other parts of the auditing procedure or fairness of financial statements.

TSATR - Audit Services Limited Liability Company (Taxpayer Id. Number 7709383532, State Reg. Number 1027739707203, address: bldg.1, 77 Sadovnicheskaya embankment, Moscow, 115035, Russian Federation), was the Auditor of the Company's consolidated financial statements for 2023, prepared in accordance with the Federal Law No. 208-FZ dated 27.07.2010 "On Consolidated Financial Statements".

TSATR - Audit Services LLC is a member of Self-regulated organization of auditors Association "Sodruzhestvo", decision as of January 31th, 2020, PNRE 12006020327.

Auditor's report on consolidated financial statements of PJSC "Magnit" and its subsidiaries for 2023, prepared in accordance with the Federal Law No. 208-FZ dated 27.07.2010 "On Consolidated Financial Statements", was issued on March 28, 2024.

The Committee members have examined the report of the Company's Auditor - TSATR - Audit Services Limited Liability Company on consolidated financial statements for 2023.

The members of the Committee, following the examination of the independent auditor's report of TSATR - Audit Services LLC in respect of the consolidated financial statements of PJSC "Magnit" and its subsidiaries, taking into account that the auditor expressed the opinion that consolidated financial statements of PJSC "Magnit" and its subsidiaries present fairly, in all material respects, the financial position of PJSC "Magnit" and its subsidiaries as of December 31, 2023, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, propose to the Board of Directors of the Company to recommend to the annual General Meeting of Shareholders of the Company to approve the consolidated financial statements of PJSC "Magnit" and its subsidiaries for 2023.

Audit Committee of the Board of directors

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Magnit OAO published this content on 04 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2024 08:17:06 UTC.