Cherkizovo Group announces results of its Board of Directors meeting

PJSC 'Cherkizovo Group' announces results of its Board of Directors meeting

Moscow, Russia - March 7, 2017 - PJSC 'Cherkizovo Group' (LSE: CHE; MOEX: GCHE) (hereinafter 'Cherkizovo' or 'the Company'), the largest vertically integrated meat and feed producer in Russia, today announces the results of its Board of Directors meeting, which was held on March 6, 2017.

The Board of Directors decided to call the Company's Annual General Meeting of Shareholders (AGM) on April 11, 2017. The Board also approved the list of candidates to be elected as members of the Board of Directors at the AGM based on the proposals of the Company's shareholders.

At the meeting, the Board approved the agenda of the AGM, set the record date of the AGM, approved the procedure of notifying shareholders of the AGM, approved the text and form of the notice to shareholders, and approved the list of materials to be made available to shareholders ahead of the AGM. The Board also approved the candidacies of the Chairman and the Secretary of the AGM.

The Board preliminarily approved the Company's annual report. At the meeting, the Board also approved the report on interested party transactions concluded by Cherkizovo in 2016, the nominees to the Revision Committee, recommended the AGM to distribute the Company's 2016 net profit as dividends and approved the remuneration of the auditor. The Board approved draft resolutions on the agenda issues of AGM as well as the form and text of the AGM voting ballots and the draft AGM resolutions to be circulated to the nominee shareholders.

For more information please visit www.cherkizovo.com or contact

Cherkizovo Group

Dmitry Yakovlev IR Manager +7 (495) 660 2440 ext. 15962 d.yakovlev@cherkizovo.com FTI Consulting Anton Karpov +7 (495) 795 0623 anton.karpov@fticonsulting.com

About Cherkizovo Group

Cherkizovo Group isthe largest meat and feed producer in Russia. The Group is a top-3 producer in the poultry, pork and processed meat markets and is the largest feed manufacturer in the country.

Cherkizovo Group encompasses 8 full cycle poultry production facilities, 15 modern pork production facilities, 6 meat processing plants, 9 feed mills and more than 140,000 hectares of agricultural land. In 2016, Cherkizovo Group produced 903,000 tons of meat products.

Thanks to its vertically integrated structure, which includes grain growing and storage, feed production, livestock breeding, fattening and slaughtering, and meat processing, alongside a distribution system, the Group has consistently delivered stable, long-term sales growth and profitability. The Company's consolidated revenue reached RUB 82.4 bn in 2016.

Cherkizovo Group shares are traded on the London Stock Exchange (LSE) and on the Moscow Exchange (MOEX).