Remuneration for the CEO

In accordance with Article 6 of the Regulation “On the Sole Executive Body of PJSC “Magnit,” which was approved by the resolution of the Annual General Meeting of Shareholders dated June 24, 2010 (minutes dated June 28, 2010 and in earlier versions), salary and other payments made to the CEO are established by the employment contract concluded with the CEO.

Remuneration for members of the Management Board

In 2018, the policy of remuneration and reimbursement for members of the collegial executive body was governed by the following documents:

• Regulation on the Collective Executive Body (Management Board) of PJSC “Magnit” approved by the Annual General Meeting of Shareholders of PJSC “Magnit” on June 24, 2010 (unnumbered minutes dated June 28, 2010);
• Regulation on the Collective Executive Body (Management Board) of PJSC “Magnit” approved by the Annual General Meeting of Shareholders of PJSC “Magnit” on June 21, 2018 (unnumbered minutes dated June 21, 2018).

In accordance with the Regulation on the Collective Executive Body (Management Board) of PJSC “Magnit” (approved by the Annual General Meeting of Shareholders of PJSC “Magnit” on June 24, 2010; unnumbered minutes dated June 28, 2010), remuneration for a member of the Management Board consists of remuneration in accordance with the employment contract or an additional agreement thereto.

Remuneration for members of the Management Board may be paid annually from the Company’s net profit according to the annual financial statements. The conditions and procedure for the payment of remuneration to members of the Management Board are determined by the Board of Directors.

Salary for participation in the work of the Management Board amounts to RUB 50,000 per month in accordance with the employment contract.

The Company’s remuneration and reimbursement policy does not envisage compensation for expenses by members of the Company’s Management Board associated with the performance of their functions as members of the Company’s Management Board.

Changes to the remuneration policy for members of the Management Board

In accordance with the Regulation on the Collective Executive Body (Management Board) of PJSC “Magnit” (approved by the Annual General Meeting of Shareholders of PJSC “Magnit” on June 21, 2018; unnumbered minutes dated June 21, 2018), remuneration for a member of the Management Board consists of remuneration in accordance with the employment contract or an additional agreement thereto.

Remuneration for members of the Management Board may be paid annually from the Company’s net profit according to the annual financial statements. The conditions and procedure for the payment of remuneration to members of the Management Board are determined by the Board of Directors.

Salary for participation in the work of the Management Board amounts to RUB 30,000 per month in accordance with the employment contract.

The Company’s management bodies did not adopt decisions to compensate members of the Management Board for expenses associated with the performance of their functions as members of the Management Board or the payment of remuneration to members of the Management Board based on the results of the Company’s work.

Remuneration paid to members of the collective executive bodyThis amount does not include remuneration for the CEO, who is the Chairman of the Management Board. in 2018: Salary — RUB 86,104,428.15 . No compensation was paid to members of the collective executive body in 2018.

No compensation was paid to members of the collective executive body in 2018.