General Meeting of Shareholders

The General Meeting of Shareholders is the highest decision-making body of the Company. Shareholders of PJSC Magnit may significantly impact the Company’s business by participating in the General Meeting of Shareholders.

The key responsibilities of the General Meeting of Shareholders include:

• approval of the Company’s annual report
• approval of the Company’s annual accounting (financial) statements
• election of the Company’s Board of Directors
• distribution of profits, including dividend payments
• approval of major and related-party transactions
• approval of the Company’s auditor.

The procedure for the General Meeting of Shareholders aims to ensure the respect of shareholder rights and meets all the relevant laws and regulations of the Russian Federation.

The annual General Meeting of Shareholders of PJSC Magnit scheduled to take place on 30 June 2022 in the form of absentee voting was declared inquorate.