Obuv Rossii Held Annual Shareholders Meeting

02.07.18

2 July 2018, Novosibirsk, Russia: Obuv Rossii Group (MOEX: OBUV/ hereinafter the "Company" or, together with its subsidiary and dependent companies, "Obuv Rossii" or the "Group"), the first publicly traded company in the Russian fashion retail, has had its annual meeting of shareholders that was held on Friday, 29 June in Company’s headquarters in Novosibirsk. The meeting summarized results of Group’s activities in 2017 and discussed some topical issues concerning further operation of OR PJSC.

The meeting started from the approval of the Group Annual Report. Summarizing the results of Company’s operation in 2017, Anton Titov, CEO of Obuv Rossii Group, commented: We successfully finished our first year in the status of a public company, having shown high performance results and having fulfilled the plans we had announced. In 2017, we actively expanded our retail chain, strengthened the leadership positions in the mid-price segment and increased our break off from the closest competitors. Revenues of the Group increased in 2017 by 8.4% up to RUB 10.8 bln. The Company demonstrated high performance indicators. EBITDA profitability according to the results of 2017 was 25.3%, which is a high result among the leading international fashion retailers. Taking into account favorable situation at the Russian footwear market, advantages of a unique business model which includes the development of recognizable brand portfolio, diversified products and services, the innovation loyalty program and the development of an omni-channel sales model, Obuv Rossii plans to further actively grow and consolidate the market.”

Among the important questions considered at the meeting was the election of members to the Board of Directors and Audit Commission of OR PJSC. The following members were elected to the Board of Directors: Titov Anton Mikhailovich, Shabaykin Vyacheslav Vladimirovich, Tatyana Borisovna Zotikova, Evgenia Alexandrovna Gavrikova, Alexey Vladimirovich Skvorkin, Stanislav Matveyevich Zherev, Natalia Yuryevna Zherebtsova. Elena Isyigulova, Ekaterina Evgenievna Tairova and Sergei Nikolaevich Usik became the members of the Audit Commission.

The Board of Directors considered the question of dividends payment according to the results of 2017. Taking into account the current financial situation of the Group and the investment program of business development for the next three years, a decision was made to pay dividends on the outstanding shares of OR PJSC in the amount of RUB 2.32 per share. 16 July 2018 was set as the date when persons possessing the right to get dividends will be determined. The total amount of dividends will be RUB 262. 3 million or 20% of Company’s net profit for 2017.

During the meeting, the shareholders also made a decision on the size of remuneration to the members of the Board of Directors, approved Ernst & Young LLC as the Company Auditor to audit financial statements of the Group prepared according to IFRS and expressed their consent to some transactions of OR PJSC. In addition, the general annual meeting approved new versions of the Articles of Association, the Regulations on the Board of Directors and Regulations on the Procedure for Preparation, Convocation and Holding of the Company Shareholders General Meeting.

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