Krasnodar, June 5, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the results of the Annual General Shareholders Meeting.

Please be informed that the AGM of PJSC “Magnit” was held on June 4, 2015.

Positive decisions were made by the General Shareholders Meeting on the following agenda items put to a vote:

the annual report of PJSC “Magnit” was adopted;
the annual accounting (financial) reports of PJSC “Magnit”, including the profit and loss statement, was adopted;
allocation of profit (including payment (declaration) of dividends) and loss of PJSC “Magnit” following 2014 financial year results was approved;
the Board of directors of PJSC “Magnit” was elected;
the Revision commission of PJSC “Magnit” was elected;
the auditor of PJSC “Magnit” in accordance with the Russian accounting standards was approved;
the auditor of PJSC “Magnit” in accordance with the IFRS was approved;
the Charter of PJSC “Magnit” in the new edition was ratified;
the Regulations on the Board of directors of PJSC “Magnit” in the new edition were ratified;
major related party transactions were approved;
related party transactions were approved.

PJSC “Magnit” announces the AGM results