Krasnodar, Russia (June 23, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”, MOEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting.

On June 23, 2017 the Chairman of the Board of Directors made a decision to hold the BOD meeting on June 29, 2017 with the following agenda:

Election of the Chairman of the Board of Directors of PJSC “Magnit”.
Election of the Deputy Chairman of the Board of Directors of PJSC “Magnit”.
Election of the Secretary of the Board of Directors of PJSC “Magnit”.
Formation of the Audit Committee of the Board of Directors of PJSC “Magnit”.
Election of the Chairman of the Audit Committee of the Board of Directors of PJSC “Magnit”.
Formation of the HR and Remuneration Committee of the Board of Directors of PJSC “Magnit”.
Election of the Chairman of the HR and Remuneration Committee of the Board of Directors of PJSC “Magnit”.
Election of the Management Board of PJSC “Magnit”.
Nomination of the Deputy Chairman of the Management Board of PJSC “Magnit”.
Determination of the remuneration for the auditor`s services.

Magnit announces the holding of the BOD meeting