Cherkizovo Group Announces Share Buyback Offer

THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Cherkizovo Group Announces Share Buyback Offer

Moscow, Russia - 13 September - Cherkizovo Group (LSE: CHE; MOEX: GCHE), the largest vertically integrated meat and feed producer in Russia, today announces a share buyback offer.

Following the acquisition by the controlling shareholder of Cherkizovo Group, together with its affiliates, of 21.05% of the Group's ordinary shares and GDRs from the funds and portfolios under the management of Prosperity Capital Management, LLC APK "Mikhailovsky", affiliated with the controlling shareholder, submitted the mandatory tender offer to the Bank of Russia as prescribed by Russian law. As a result of its review, the Bank of Russia has clarified that there are no grounds for making a mandatory tender offer in this case.

Considering the interests of all shareholders of Cherkizovo Group, LLC APK "Mikhailovsky" is announcing today a buyback offer to all shareholders to purchase their ordinary shares and GDRs. The price per share has been set at RUB 1,300 per share, which corresponds to the price per share in the transaction with Prosperity Capital Management and which is equivalent to the price of RUB 866.66 per GDR as three GDRs equal two ordinary shares. The dollar price per GDR will be calculated using the RUB/USD exchange rate established by the Bank of Russia for the date of submission of the relevant application by the holders of GDRs. The Board of Directors of Cherkizovo Group has approved this buyback offer.

The buyback offer will expire on 29 September 2017 (inclusive).

The form of the application from the holders of securities of Cherkizovo Group and the list of required documentation, as well as the delivery instructions, are posted on Cherkizovo Group's website: http://cherkizovo.com/en/investors/offer.pdf.

The person responsible for the release of this announcement on behalf of Cherkizovo Group is Dmitry Mironov (please see details below).

For more information please visit http://www.cherkizovo.com or contact

Cherkizovo Group

Dmitry Mironov

Head of Investor Relations

+7 (495) 660 24 40 ext. 15962

d.mironov@cherkizovo.com

About Cherkizovo Group

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

Cherkizovo Group encompasses eight full cycle poultry production facilities, 15 modern pork production facilities, six meat processing plants, eight feed mills and more than 287,000 hectares of agricultural land. The Group also includes Tambov Turkey facility, a joint Russian-Spanish venture. In 2016, Cherkizovo Group produced 903,000 tonnes of meat and 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 delivered long-term sales growth and profitability. The Group's consolidated revenue was RUB 82.4 billion in 2016.

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

This press release may contain forward-looking statements based on current assumptions and forecasts made by Cherkizovo Group management and other information currently available to Cherkizovo Group.