THE RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF PJSC DETSKY MIR

Moscow, 20 May 2019 – Detsky Mir PJSC (“Detsky Mir” or “the Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer and a Sistema Group company (LSE: SSA, MOEX: AFKS) announces the results of its Annual General Meeting of Shareholders (AGM) that took place on May, 16, 2019.

The Annual General Meeting of Shareholders passed the following resolutions:

1. Distribution of RUB 3.3bn in final dividends for FY 2018 (RUB 4.45 per one ordinary share). The list of persons entitled to dividends will be made on May, 27, 2019.

2. Election of the Board of Directors of PJSC Detsky Mir as follows:

1. Pavel Boyarinov;

2. Alexey Katkov;

3. Stanislav Kotomkin;

4. Evgeny Madorsky;

5. Tony Mayer;

6. Olga Ryzhkova;

7. Vyacheslav Khvan;

8. Vladimir Chirakhov;

9. Alexander Shevchuk;

10. Alexander Shulgin.

3. Approval of the Annual Report and Financial Statements for FY 2018 and revised Charter of PJSC Detsky Mir.

4. Election of CJSC Deloitte and Touche CIS as auditor of Detsky Mir for FY 2019

5. Election of the Audit Review Commission as follows:

1. Yuri Vikulin;

2. Anatoly Panarin;

3. Marina Zhuravleva.

For additional information:

Detsky Mir Group (MOEX: DSKY) is a multi-format retailer and Russia’s largest specialized children’s goods retailer. The Group comprises the Detsky Mir retail chain, ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The company operates a network of 674 Detsky Mir stores located in 254 cities in Russia, Kazakhstan and Belarus, as well as 56 ELC and 12 ABC stores as of 31 March 2019. The Zoozavr retail chain comprises six stores. Total selling space was approximately 769,000 square meters.

In accordance with the audited Financial Statements under IFRS, Group revenue amounted to RUB 110.9 bn for FY 2018, adjusted EBITDA totalled RUB 12.7 bn and adjusted profit amounted to RUB 7.2 bn.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSC Sistema[1]  – 52.10%, Russia-China Investment Fund (RCIF) [2] – 14.03%, other shareholders owning less than 5% of the shares – 33.87%. 

(1) Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, children’s goods retail, paper and packaging, healthcare services, agriculture, high technology, banking, real estate, pharmaceuticals and hospitality.

(2) RCIF, an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), holds its stake in PJSC Detsky Mir through its funds: FLOETTE HOLDINGS LIMITED and EXARZO HOLDINGS LIMITED.