Krasnodar, July 30, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, MOEX and LSE: MGNT), announces the results of the Board of Directors meeting.

PJSC “Magnit” held a Board of Directors (BoD) meeting on Thursday, July 30, 2015. The key results of the meeting are as follows:

Dividends: The BoD put forward the recommendation to the EGM that PJSC “Magnit” make a dividend payment to shareholders following the first half of 2015 reporting year results:
Total amount of Dividends — 8,359,223,782.00 rubles;
Amount of Dividends per Share — 88.40 rubles.
The BoD recommended that the EGM appoint the following Dividend Record Date: October 9, 2015.
The BoD has made the decision to hold the EGM. Form of EGM: absentee voting.
The last date the voting ballots shall be accepted: September 24, 2015.
EGM Record Date: August, 11 2015.
Shareholder Public Notification of EGM: prior to August 21, 2015.
Information materials presented to the shareholders entitled to participate in the EGM of PJSC “Magnit” to prepare for the EGM will be available from September 3, 2015.

Please follow the link below to view full results of the BoD meeting: http://ir.magnit.com/wp-content/uploads/2014/08/Press-release-BOD-July30-eng.pdf

PJSC “Magnit” announces the summary of the BoD meeting results