Dividends

Dear stockholders!

Please update and keep your personal data up-to-date, including information on bank accounts, in the Register of Stockholders of the PJSC “M.video” or in the Depository you use, if your rights in stock are recorded by the Depositary..

To update information in the Register of Stockholders contact the Registrar of the PJSC “M. video” - the JSC “Servis-Reestr”.

In order to update information in the Depository contact the Depository you use to deposit your rights in stock.

The resolution to pay (declare) dividends is adopted by the General Meeting of Stockholders of the PJSC “M.video”. The amount of dividends shall not exceed the amount recommended by the Board of Directors of the PJSC “M.video”.

The date on which those entitled to receive dividends are determined in accordance with the resolution to pay (declare) dividends shall not be set earlier than 10 days from the date of adopting the resolution to pay (declare) dividends and later than 20 days from the date of adopting such a resolution.

The resolution to set the date for determining those entitled to receive dividends is passed by the General Meeting of Stockholders of the PJSC “M.video” only based on the relevant proposal of the Board of Directors of the PJSC “M.video”.

The period for dividend payment to a nominal holder and a trustee being a professional participant in the securities market registered in the Register of Stockholders shall not exceed 10 business days, and for the other stockholders registered in the Register – not to exceed 25 working days from the date on which those entitled to receive dividends are determined.

Dividends are paid to those who were holders of stock of the relevant class (type) or persons exercising rights vested in such stock in accordance with the federal laws as determined at the end of the business day on which those entitled to receive dividends are to be determined in accordance with the resolution to pay dividends.

Payment of cash dividends to individuals whose rights to stock are recorded in the Register of Stockholders of the PJSC “M.video” is made by transferring funds to their bank accounts the details of which are available to the Registrar of the PJSC “M.video”, or in the absence of information about such bank accounts – by means of postal remittance, and to legal entities whose rights to stock are recorded in the Register of Stockholders of the PJSC “M.video” - by transferring of funds to their bank accounts.

Those entitled to receive dividends whose rights to stock are recorded by the nominal holder receive cash dividends as established by the Russian legislation on securities.

Stockholders and other persons/entities exercising rights attached to securities under the federal laws whose rights to securities are recorded by the Depositary receive cash dividends on stock through the Depository they use.

The Depositary is to transfer payments on securities by transferring funds to bank accounts determined in the depository agreement held by its depositors who are nominal holders and trustees being professional participants in the securities market not later than the next business day after their receipt, and payments on securities to other depositors shall be made not later than seven business days after their receipt. In this case, the Depositary shall transfer payments on securities to the special deposit account of the depositor being the nominal holder or to the account of the depositor being the nominal holder that is a credit institution.

The transfer of payments on stock is made by the Depositary to its depositors at end of the business day on which those entitled to receive declared dividends on stock of the PJSC “M. video” are to be determined.