Krasnodar, Russia (September 6, 2019): Magnit PJSC (MOEX and LSE: MGNT; “Company”), one of Russia’s leading retailers, announces the resolutions of the Board of Directors taken at the meeting held on September 4, 2019.

The meeting of the Board of Directors of PJSC “Magnit” was held on September 4, 2019 (Minutes of the BOD meeting are recorded w/o No. of September 5, 2019).

The Board approved the early termination of powers of Tatiana Knyazeva effective from September 9, 2019 and elected Anna Bobrova to the Management Board of PJSC “Magnit” effective from September 10, 2019. The Board approved the payment of JSC “Tander” dividends in the amount of 13.7 billion Rubles (1.37 Rubles per one ordinary share). PJSC “Magnit” is the sole shareholder of JSC “Tander”. The dividend payment of the subsidiary (JSC “Tander”) will generate the profit for the parent company (PJSC “Magnit”) that may be used to pay dividends to PJSC “Magnit” shareholders in future.

PJSC “Magnit” Announces the Board of Directors’ Resolutions