Results of PJSC “Cherkizovo Group” Board of Directors Meeting

September 11, 2020

Moscow, Russia – September 11, 2020 – Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces the results of its Board of Directors meeting held on September 10, 2020.

The Board of Directors of PJSC “Cherkizovo Group” (hereinafter – “the Company”):

-           Reviewed the reports of Chairmen of Audit Committee, Personnel & Remunerations Committee and the report of Investment & Strategy Planning Committee.

-           Approved the corrections to EBITDA scale for the purposes of calcuation of the annual remuneration of key employees of the Company.

-           Approved participation of the Company in “Russian Corporate Counsel Association” Non-Profit Partnership.

-           Reviewed the status-report on the Board of Directors` action items implementation.

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.