Results of Cherkizovo Group PJSC Board of Directors Meeting

November 21, 2019

Moscow, Russia – November 21, 2019 – Cherkizovo Group (MOEX: GCHE), the largest Russian vertically integrated meat producer, announces the resolutions adopted at the Board of Directors Meeting on November 20, 2019.

At the meeting, the Board of Directors of Cherkizovo Group PJSC (hereinafter – the Company):

– Took into consideration the report on organization and functioning of risk management system.

– Reviewed the reports of the Chairmen of the Personnel & Remunerations Committee, Audit Committee, Investment and Strategic Planning Committee and Chairmen of all the Sub-Committees.

– Elected Tiunov Akim Valentinovich to the Management Board, terminated the powers of Shimkevich Violetta Evgenievna as the member of the Management Board and approved the number of the Management Board members – 15 persons.

– Took into consideration the Board of Directors assignment implementation status report.

Wording of resolutions adopted on the agenda issues and voting results will be disclosed in the form of a corporate action notice on resolutions adopted by the Board of Directors.