Krasnodar, Russia (December 9, 2016): 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 December 9, 2016 the Chairman of the Board of Directors made a decision to hold the BOD meeting on December 15, 2016 with the following agenda:

Ratification of the business plan of PJSC “Magnit” Internal audit department for the year 2017.
Approval of the related party transactions.
Determination of the position of the PJSC “Magnit” representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.
Ratification of the Regulations on the committees of PJSC “Magnit” Board of Directors.

PJSC «Magnit» announces the holding of the BoD meeting