The Board of Directors Recommended Shareholders to Approve a Dividend Payment of the Remaining Undistributed Profit for Q4 2019

Moscow, Russia, 17 August 2020 – Detsky Mir Group (“Detsky Mir”, the “Group” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, announces that its Board of Directors at a meeting on 14 August 2020 resolved to convene the Extraordinary General Meeting of Shareholders (EGM). The EGM will be held by absentee vote, and the deadline for receipt of completed ballots is 18 September 2020. The record date for the EGM is 25 August 2020.

The Board of Directors recommended that PJSC Detsky Mir’s shareholders to approve a dividend payment of the remaining undistributed profit for Q4 2019 of RUB 1,847,500,000, or RUB 2.5 per ordinary share. Thus, the total amount of paid dividends based on the results for FY 2019 may amount to RUB 7,803,840,000 (100% of net profit under RAS), or RUB 10.6 per ordinary share.

The Board of Directors recommended that the EGM set the record date for dividend for 29 September 2020.

The EGM materials will be available on the Company’s website (ir.detmir.ru), as well as on Interfax’s website (e-disclosure.ru) and by request at the Company’s corporate secretariat: 3 3rd Nizhnelikhoborsky proyezd, Bld. 6, 127238, Moscow after 28 August 2020.

Shareholders may register to participate in the EGM, fill out the electronic ballot form and vote via the electronic voting service online (www.aoreestr.ru/shareholders/e-voting).

For additional information:

The Detsky Mir Group of Companies (MOEX: DSKY) is a multi-format retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 782 Detsky Mir stores located in 302 cities in Russia, Kazakhstan and Belarus, five Detmir Pickup stores, as well as 43 ELC, 9 ABC and eleven Zoozavr stores as of 30 June 2020. The total selling space was approximately 855,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSC AFK Sistema[1] – 20.38%; The Capital Group Companies, Inc. – 5.64%; Russian-Chinese Investment Fund (RCIF)[2][3]– 4.62%, Free float – 69.36%. 

Websites: detmir.ru, elc-russia.ru, ir.detmir.ru

([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 investment 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.