Krasnodar, July 27, 2017: Magnit PJSC, one of Russia’s leading retailers (the “Company”, “Issuer”; MOEX and LSE: MGNT), announces the summary results of the Board of Directors meeting.

Please be informed that today PJSC “Magnit” held a Board of Directors (BoD) meeting. The key results of the meeting are as follows:

To hold the extraordinary General shareholders meeting (EGM) in the form of absentee voting.
To inform the Company’s shareholders about holding the EGM: prior to July 31, 2017.
The EGM Record Date: August 7, 2017.
Information materials presented to the shareholders entitled to participate in the EGM of PJSC “Magnit” to prepare for the EGM will be available from August 10, 2017.
Voting ballots acceptance deadline: August 31, 2017.
Dividends: to recommend to the EGM the following amount of dividends on PJSC “Magnit” shares following the results of the 1H 2017 and the procedure of its payment:

Total amount of dividends — 10,922,782,116.05 rubles; Amount of dividends per share — 115.51 rubles.

The Dividend Record Date: September 15, 2017.

Please follow the link below to view full results of the BoD meeting: http://ir.magnit.com/wp-content/uploads/Press-release-BOD-July27-2017-eng.pdf

Magnit announces the summary of the BoD meeting results