Saint Petersburg, Russia; 23 June 2017– Lenta (LSE, MOEX: LNTA) (“the Company”), one of the largest retail chains in Russia, today announces the results of the Company’s Annual General Meeting of Shareholders (“AGM”).

The shareholders re-elected all 7 of Lenta Ltd.’s non-executive Directors:

• John Oliver (chairman);
• Stephen Johnson (independent);
• Anton Artemyev (independent);
• Michael Lynch-Bell (independent);
• Dmitry Shvets;
• Stephen Peel;
• Martin Elling.

Lenta’s Board of Directors consists of 9 members – 7 non-executives who are elected (or re-elected) annually and the CEO and CFO who hold office by virtue of their executive positions. The first meeting of the Board of Directors’ new term is scheduled for July 2017.

In addition, the AGM reviewed the Company’s annual accounts for the financial year ended 31 December, 2016, and reappointed Ernst & Young LLC as Lenta’s auditor until the Company’s next AGM.

Shareholders who registered in the Company’s Register of Members by 23 May, 2017 were entitled to attend and vote at the AGM. The Notice of the AGM which included all matters to be voted upon was sent to shareholders one month in advance of the AGM.

About Lenta

Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fourth largest retail chain (in terms of sales as of 1Q2017). The Company was founded in 1993 in St. Petersburg. Lenta operates 195 hypermarkets in 78 cities across Russia and 57 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,171,523 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned 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 45,689 people as of 31 December 2016¹.

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.

For further information please visit www.lentainvestor.com, or contact:

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

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Òel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com