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

Please be informed that the BOD meeting of PJSC “Magnit” was held on October 29, 2015. The BOD made the positive decisions on the following agenda items put to vote:

To approve the recommendations to the General shareholders meeting of the Company on the dividend amount on PJSC “Magnit” shares following the results of the 9 months of 2015 reporting year, the procedure of its payment and the dividend record date.
To call the PJSC “Magnit” extraordinary General shareholders meeting (“the EGM”).
To approve the form of holding of the EGM of PJSC “Magnit”.
To determine the voting ballots acceptance deadline and the postal address to send the filled voting ballots.
To determine the PJSC “Magnit” EGM record date.
To approve the agenda of the EGM of PJSC “Magnit”.
To determine the procedure of shareholders notification of the holding of the EGM of PJSC “Magnit”.
To determine the list of information (materials) provided to shareholders to prepare to the holding of the EGM of PJSC “Magnit”, and the procedure of its provision.
To determine the form and the text of the voting ballots on the items to be considered at the EGM of PJSC “Magnit”.
To determine the recommended price for major related party transactions to be approved by the EGM of PJSC “Magnit”.
To determine the recommended price for related party transaction to be approved by the EGM of PJSC “Magnit”.
To determine 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 summary results of the BoD meeting