Public Joint Stock Company Magnit announces changes to the Company's organizational structure in order to accelerate Magnit's digital transformation and focus on growing e-commerce sales. As part of the reorganization, a new business unit has been established to oversee the development of Magnit's e-commerce sales channels and to continue to enhance the Company's e-commerce infrastructure. The business unit will be led by Andrey Lukashevich, who was recently appointed to the position of E-commerce director. Andrey is responsible for Magnit's continued e-commerce development and will report directly to Jan Dunning, Magnit's President and CEO. As a result of these organizational changes, the position of Executive Director and Deputy CEO, currently held by Florian Jansen, will be made redundant.