St. Petersburg, Russia; 27 September, 2017– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its second hypermarket in Astrakhan, bringing the Company’s total to two hundred hypermarkets across the country.

The new store is a Lenta compact format hypermarket located in 2 Yablochkova street, Astrakhan. The store has a total area of 7,800 sq.m. with 4,283 sq.m. of selling space and is open 24 hours, seven days a week. A broad product assortment of 17,500 SKUs has been selected specifically for residents of Astrakhan and includes Lenta’s private labels and federal product ranges offered alongside local produce. The store has 186 parking spaces and 22 cash registers including 4 self-checkout lanes. The property is owned by Lenta.

This opening in Astrakhan is Lenta’s ninth hypermarket opening in 2017 and brings the total number of Lenta stores to 200 hypermarkets in 79 cities across Russia and 61 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region.

Lenta’s Chief Executive Officer Jan Dunning commented:
“Today, Lenta reached the milestone of 200 hypermarkets, marking yet another major achievement for the Company and a clear indication of our ability to maintain rapid expansion in a challenging economic environment. The new opening increases Lenta’s presence in the Southern Federal District to 25 hypermarkets in 15 cities, further strengthening our substantial position in this market. We plan to continue our expansion in the Southern District, providing our customers with high-quality products at competitive prices every day, developing our supplier network and maintaining our reputation as a socially responsible business.”

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 200 hypermarkets in 79 cities across Russia and 61 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,195,796 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
Ňel:+7 (812) 336 39 97
E-mail: pr@lenta.com

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