Lenta LLC announces RUB 16.8 bln settlement of inter-group debts

St-Petersburg, Russia; 31 July 2015 –Lenta LLC, the main operating company of Lenta Ltd, today announces the RUB 16.8 bln dividend payment to Lenta 2 LLC, Lenta LLC’s immediate corporate parent. The announcement was disclosed as the Material Fact Notice earlier today.

The dividend payment is a technical transaction aimed at settling intergroup debts, and no portion of the dividend will be distributed to any shareholders. Lenta maintains its capital allocation policy, whereby any spare proceeds are committed to the Company’s growth plans.
Notes to Editors:

Lenta LLC, a Russian company, is the principal operating subsidiary of the Group. Lenta LLC holds substantially all of Lenta’s operational assets and conducts substantially all of Lenta’s business. All of Lenta’s stores are owned or leased by Lenta LLC. Lenta LLC’s immediate corporate parent is Lenta-2 LLC.

For further 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

Yana Mogileva, PR Manager
Òel:+7 (812) 336 39 97
E-mail: yana.mogileva@lenta.com

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

Russian Media:
Leonid Fink
Òel:+44 783 767 4444
E-mail: Leonid.Fink@instinctif.com