Lenta LLC announces RUB 12 bln settlement of intra-group debts

St-Petersburg, Russia; 29 May, 2015– Lenta LLC, the main operating company of Lenta Ltd, announced the RUB 12 bln dividend payment to Lenta 2 LLC, Lenta LLC’s immediate corporate parent. The announcement was disclosed as the Material Fact Notice earlier today. This dividend payment is a technical transaction that will settle intra-group obligations. Accordingly, it will not result in any dividend being paid out by Lenta Ltd (the listed holding company of the Lenta group) to its shareholders. Lenta's capital allocation policy is to invest its operational cash flow into the ongoing expansion of its business.

Lenta
Anna Meleshina,
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E-mail: anna.meleshina@lenta.com

Yana Mogileva, PR Manager
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E-mail: yana.mogileva@lenta.com

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