Cherkizovo Group Announces Results of Meeting of Board of Directors

August 22, 2017

Moscow, Russia – 22 August 2017 – Cherkizovo Group (LSE: CHE; MOEX: GCHE), the largest vertically integrated meat and feed producer in Russia, today announces the results the meeting of the Board of Directors meeting held on 21 August, 2017.

The Board of Directors decided to call an Extraordinary General Meeting of Shareholders (EGM) of Cherkizovo Group, to be held on 26 September 2017.

The Board approved its recommendations to shareholders for the distribution of the Group’s profits following the results of previous years, first half of 2017 as well as for the payment of dividends. An interested party transaction for debt transfer from one entity within the Group to another entity within the Group was also approved.

At the meeting, the Board approved the agenda for the EGM, set the record date of the EGM, approved the procedure for notifying shareholders of the EGM, the text and form of the notice to shareholders, and the list of materials to be made available to shareholders prior to EGM. The Board approved the draft resolution on the agenda issues of the EGM, as well as the form and text of the EGM voting ballot and the draft EGM resolution to be circulated to the nominee shareholders of the Group.