With this opening, Lenta expands its network in the Urals to 14 hypermarkets in 7 cities

St-Petersburg, Russia; 30 December, 2015 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its first hypermarket in Khanty-Mansiysk.

The new store is a Lenta compact format hypermarket located at 9 Obezdnaya str., Khanty-Mansiysk. The store has a total area of 9,100 sq.m, with 4,680 sq.m of selling space and is open from 8 am to 12 pm, seven days a week. A broad product assortment of 19,000 SKUs has been selected specifically for residents of Khanty-Mansiysk and includes Lenta’s private label and federal product ranges alongside local produce. The store has 532 parking spaces and 29 cash registers. The property is owned by Lenta.

Lenta’sChief Executive Officer, Jan Dunning said:

“Khanty-Mansiysk is a town that is growing in stature and we are delighted to have opened our first store there. We have worked closely with the local government authorities to ensure that our store serves the needs of local residents and provides additional infrastructure that will help support the town’s growth at an important time in its rapid development.

We look forward to working with regional suppliers to offer local consumers the high quality, locally sourced goods that have made Lenta one of the most popular retail outlets in Russia. We expect to play an important role in the local economy moving forward and are delighted to be part of Khanty-Mansiysk’s growth story.”

The opening in Khanty-Mansyisk is Lenta’s thirty-second hypermarket opening in 2015 and brings the total number of Lenta stores to 140 hypermarkets in 69 cities across Russia and 32 supermarkets in the Moscow region and St. Petersburg.

AboutLenta

Lenta is one of the largest retail chains in Russia and the country’s second largest hypermarket chain (in terms of 2014 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 140 hypermarkets in 69[1] cities across Russia and 32 supermarkets in Moscow and St. Petersburg, with a total of approximately 889,260 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,100 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 30,655 people as of 30 June 2015[2].

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

Forfurther information please visit www.lentainvestor.com, or contact:

Lenta
Anna Meleshina, 
Public Relations & Government Affairs Director 
Tel: +7 812 363 28 53 
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova, 
Corporate Communications Manager 
Òel:+7 (812) 336 39 97 
E-mail: a.kuznetsova@lenta.com

Instinctif Partners 
International Media: 
Mark Walter and Saule Jandossova 
Òel:+44 (0)20 7457 2020 
E-mail: Lenta@instinctif.com

Primum 
Russian Media: 
Alexandra Semenova and Marina Shvyrkova 
Òel:+7 903 591 1519 
E-mail: Lenta@primum.ru

[1] According to Lenta’s methodology for calculating number of cities of presence, since 1 May 2015 all cities located in Moscow City and the Moscow region are shown as Moscow, and all cities located in the Leningrad region and St. Petersburg are shown as St. Petersburg. 
[2] FTE (full-time equivalent). Average FTE for 1H2015 was 29,776 employees.