The Board of Directors of PJSC “Detsky Mir” approved the new 3-year Long-Term Incentive Plan for the Company’s senior management

A Long Term Incentive Plan (LTIP) for the senior management of Detsky Mir has been approved by the Board of Detsky Mir PJSC (“Detsky Mir”, or “the Company) (MOEX: DSKY) with a view to further encouraging continuing focus on creation of sustainable value for all shareholders. The LTIP is developed in accordance with the previously announced plans to update the Detsky Mir’s incentive program as a public company and is based on the best market practices.

Under the new LTIP, which covers the three-year period to February 2020, the third anniversary of the Company’s IPO, senior management in continuing employment by the Company as of that anniversary will be eligible for share grants from a share pool equivalent in value to up to 2% of the increase in the Company’s stock market value (including dividend payments) over the period. The LTIP will include more than 20 key employees of the Company.

The LTIP also provides for cash payments expected to total around RUB 500 million (plus any social taxes); of this amount, around RUB 250 million will be paid in January 2018, while payment of the balance remains subject to Board approval.