Cherkizovo Group announces results of Board of Directors meeting

March 31, 2021

Moscow, Russia – March 31, 2021– Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces the results of its Board of Directors meeting held on March 30, 2021.

At the meeting, the Board of Directors:

• Re-elected Evgeny Mikhaylov as the Chairman of the Board of Directors, Richard Sobel as the Deputy Chairman of the Board of Directors and appointed Anastasia Bakhmacheva the a Corporate Secretary of the Company;
• Included in the list of candidates for voting on election to the Board of Directors of the Company at the Extraordinary General Meeting of Shareholders of the Company held on April 22, 2021 (hereinafter – the «EGM») the following persons:

1. John Michael Balay
2. Evgeny Igorevich Mikhaylov
3. Sergey Igorevich Mikhaylov
4. Rafael Fuertes Quintanilla
5. Richard Paul Sobel
6. Filip Kegels
7. Christopher John Warmoth
8. Mammadov Emin Tofik oglu
9. Elliot Brinton Jones;

• Approved the Chairman and the Secretary of the EGM;
• Approved the draft resolutions recommended by the Board of Directors on the agenda items of the EGM;
• Approved the form and text of the EGM ballot and the resolution wordings on the EGM agenda issues  emailed to the nominee shareholders of the Company;
• Approved the position of the Board of Directors on the EGM agenda issues;
• Approved the amended Y2021 key performance indicators (KPIs) of the Company’s CEO and of the Deputy CEO;
• Instructed the management and the Personnel & Remunerations Committee to develop proposals on the variable part of the remuneration of the Board of Directors.

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