Magnit announces the holding of the Board of Directors meeting

Magnit announces the holding of the Board of Directors meeting

Krasnodar, Russia (November 8, 2021): Magnit PJSC (MOEX and LSE: MGNT; Magnit, the Company), one of Russia's leading retailers, announces the holding of the Board of Directors meeting.

On November 3, 2021 the Chairman of the Board of Directors made the decision to hold the BOD meeting of PJSC "Magnit" on November 9, 2021 the agenda of which includes, among others, the following items:

• Approval of recommendations to the extraordinary general shareholders meeting on the dividend amount on PJSC "Magnit" shares following the results of 9 months of 2021 reporting year, the procedure of its payment and the dividend record date;
• Calling the extraordinary general shareholders meeting of PJSC "Magnit";
• Determination of the form of holding the extraordinary general shareholders meeting of PJSC "Magnit";
• Determination of the deadline for submitting the voting ballots;
• Determination of the postal address for submitting the completed voting ballots;
• Determination of the record date for PJSC "Magnit" extraordinary general shareholders meeting;
• Determination of the agenda of the extraordinary general shareholders meeting of PJSC "Magnit";
• Determination of the procedure for notification of shareholders of the holding of the extraordinary general shareholders meeting of PJSC "Magnit";
• Determination of the list of information (materials) to be provided to shareholders in the process of preparation for the extraordinary general shareholders meeting of PJSC "Magnit" and the procedure for its provision;
• Determination of the form and the text of the voting ballots for the extraordinary general shareholders meeting of PJSC "Magnit";
• Determination of the position of the Board of Directors of PJSC "Magnit" on the agenda items of the extraordinary general shareholders meeting;
• Election of the PJSC "Magnit" collegial executive body (Management Board) member;
• Approval of the Regulations on Committees of the Board of Directors of PJSC "Magnit" in the new edition.

The Board of Directors is also planning to consider the following items:

• approval of amendments to the Program of the 004Р series Exchange-traded bonds;
• approval of amendments to the Prospectus for exchange-traded bonds placed under the Program of the 004Р series Exchange-traded bonds;
• approval of the STI program and the KPIs of certain members of PJSC "Magnit" Management Board for 2021;
• approval of the KPIs for the head of the structural division carrying out internal audit for 2021;
• approval of the List of Positions of Employees of JSC "Tander" and PJSC "Magnit" covered by the LTI Program as amended;
• inclusion of the new participants into the list of the LTI Program participants;
• determination of an authorized person to sign the contract with PJSC "Magnit" Management Board member on behalf of the PJSC "Magnit";
• decisions relate to JSC "Tander".