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 22, 2014.

Please be informed that on December 22, 2014 the BOD meeting was held (minutes of the BOD meeting of PJSC "Magnit" are w/o No. of December 22, 2014).

The meeting agenda:

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.

Determination of the position of the PJSC "Magnit" representative at the exercise of the voting right on the Retail Import LLC shares in the charter capital owned by the Company.

The following BOD members were present: A. Arutyunyan S. Galitskiy, A. Shkhachemukov.

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 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.