Krasnodar, November 14, 2014: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, MICEX and LSE: MGNT), is pleased to announce the holding of the Board of Directors meeting.

On November 14, 2014 the Chairman of the Board of Directors made the decision to hold the BOD meeting on November 17, 2014 with the following agenda:

Determination of the recommended price for major related party transactions to be approved by the EGM of PJSC “Magnit”.
Determination of the form and the text of the voting ballots on the items to be considered at the EGM of PJSC “Magnit”.
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.

PJSC "Magnit" announces the holding of the BoD meeting