Cherkizovo Group announces results of its Board of Directors meeting

March 1, 2017

Moscow, Russia – March 1, 2017 – PJSC Cherkizovo Group (LSE: CHE; MOEX: GCHE), the largest vertically integrated meat and feed producer in Russia, today announces the results of its Board of Directors meeting, which was held on February 28, 2017.

The Board of Directors reviewed and took into consideration reports of the Chairman of the Management Board, the Chairman of the Audit Committee, the Chairman of the Personnel and Remuneration Committee and the Chairman of the Investment and Strategy Committee. The Board also heard updates on the performance status of projects previously approved by the Board.

The Board approved Cherkizovo Group’s consolidated IFRS financial report for 2016, changes to the budget for 2017 and interested party transactions. The Board also approved the Regulations on the Assessment of the Board of Directors of PJSC “Cherkizovo Group”.

At the meeting, the Board also reviewed and approved OOO Ernst and Young as the Company’s independent appraiser and consulting service provider.