OREANDA-NEWS. PJSC "Magnit", Russia's largest food retailer (the "Company", "Issuer"; MICEX and LSE: MGNT), is pleased to announce the results of the BOD meeting held on December 15, 2014.

Please be informed that on December 15, 2014 the BOD meeting was held (minutes of the BOD meeting of PJSC "Magnit" are w/o No. of December 15, 2014).

The meeting agenda:

Approval of the related party transaction.

Approval of the additional agreement to the agreement with the person exercising the power of the sole executive body of PJSC "Magnit".

Making of the decision to pay the bonus to the person exercising the power of the sole executive body of PJSC "Magnit" based on the results of 2014.

Introduction (approval) of amendments to the Resolution authorizing issuance of non-convertible interest-bearing certified bonds of the 02 series to the bearer with the obligatory centralized custody.

Introduction (approval) of amendments to the Resolution authorizing issuance of non-convertible interest-bearing certified bonds of the 03 series to the bearer with the obligatory centralized custody.

Introduction (approval) of amendments to the Prospectus of non-convertible interest-bearing certified bonds of the 01, 02, 03 series to the bearer with the obligatory centralized custody in respect of non-convertible interest-bearing certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody.

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

The following BOD members were present: A. Arutyunyan and A. Shkhachemukov.

S. Galitskiy, K. Pombukhchan, A. Zayonts, A. Makhnev and A. Pshenichniy provided their written opinions on the items of the agenda of the BOD meeting of PJSC "Magnit".

The number of the BOD members participated in the meeting, including written opinions of S. Galitskiy, K. Pombukhchan, A. Zayonts, A. Makhnev and A. Pshenichniy amounts to not less than half of the number of the BOD members determined by the Charter of the Company. Quorum to hold the BOD meeting with this agenda is present.