Krasnodar, Russia (November 18, 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 November 15, 2019.

The Board has made a decision to call the Extraordinary General Shareholders Meeting in the form of absentee voting. Among other items, the agenda will include the consideration of the dividend payment in January 2020, based on the 9M 2019 financial results. The Board has recommended to pay dividends on PJSC Magnit shares in the amount of RUB 15,000,332,342.45 which constitutes RUB 147.19 per one ordinary share, and set January 10, 2020 as a dividend record date.

The EGM record rate: November 29, 2019.

Voting ballots acceptance deadline: December 24, 2019.

Postal address to send the completed voting ballots: 15/5 Solnechnaya Street, Krasnodar, 350072, Russia.

The Board approved the payment of JSC Tander dividends in the total amount of RUB 20 billion (RUB 2 per one ordinary share of JSC Tander) based on the 9M 2019 financial results. 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.

Items of the agenda of PJSC “Magnit” Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.

Please follow the link below to read the full text of the Board decisions: http://ir.magnit.com/en/information-disclosure/material-facts/

Magnit announces the Board of Directors’ resolutions, including the decision to call the EGM and determination of the record date