Krasnodar, October 30, 2014: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, MICEX and LSE: MGNT), held a Board of Directors (BoD) meeting on Wednesday, October 29, 2014. Please see below for a summary of the results of that BoD meeting.

Form of EGM: absentee voting.
Dividends: The BoD put forward the recommendation to the EGM that PJSC “Magnit” make a dividend payment to shareholders following the "9 months of 2014 financial year results":
Total amount of Dividends — 14,379,945,254.85 rubles
Amount of Dividends per Share — 152.07 rubles
The last date the voting ballots shall be accepted — December 18, 2014.
Divided Record Date: December 30, 2014.
EGM Record Date: November 10, 2014.
Shareholder Public Notification of EGM: Prior to November 17, 2014.
To provide access to the information materials which will be presented to the shareholders within the period of preparation for the EGM, from November 27, 2014.

The full information on the results of the BoD meeting can be found in the Report on the material fact on decisions made by the issuer’s Board of directors of 29.10.2014 following the link http://magnit-info.ru/upload/iblock/e1f/e1fcf87c016f504f8a0599bb1998d8d7.pdf

Summary of the PJSC "Magnit" BoD meeting results