Magnit

Pre-Annual General Meeting Information • Jul 21, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

PJSC MAGNIT - Holding of BoD Meeting

PR Newswire

London, July 21

Press Release

Krasnodar

July 21, 2017

PJSC “Magnit” Announces the Holding of the BOD Meeting

Krasnodar, July 21, 2017: 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 July 21, 2017, the Chairman of the Board of Directors made the decision to hold the BOD meeting on July 27, 2017 with the following agenda:

1. Calling of the extraordinary general shareholders meeting (“the EGM”) of PJSC “Magnit”.

2. Approval of the form of holding of the EGM of PJSC “Magnit”.

3. Determination of the v acceptance

4. Determination of the postal address to send the filled voting ballots.

5. Determination of the PJSC “Magnit” EGM record date.

6. Approval of the agenda of the EGM of PJSC “Magnit”.

7. Determination of the procedure of notification of shareholders of the holding of the EGM of PJSC “Magnit”.

8. Determination of the form and the text of the voting ballots on the items to be considered at the EGM of PJSC “Magnit”.

9. Approval of recommendations to the EGM on the dividend amount on PJSC “Magnit” shares following the results of the 1H 2017, the procedure of its payment and the dividend record date.

10. Approval of the position of the Board of Directors of PJSC “Magnit” on the agenda of the EGM.

11. Determination of the list of information (materials) provided to shareholders to prepare to the EGM of PJSC “Magnit”, and the procedure of its provision.

12. Making a decision for approval of the execution of major transactions.

13. Determination of the position of PJSC “Magnit” representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.

14. Approval of transactions attributed by the Charter of PJSC “Magnit” to the competence of the Board of Directors.

    Items of the agenda of PJSC "Magnit" Board of Directors are related to the exercise of rights on ordinary registered uncertified shares, state registration number 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8.

    For further information, please contact:

Timothy Post	Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600
Dina Svishcheva	Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-4554 x 15101
Media Inquiries	Media Relations Department press@magnit.ru

Company description:

Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2017, Magnit operated 35 distribution centers and 14,844 stores (11,114 convenience, 430 hypermarkets and 3,300 drogerie stores) in 2,567 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.