Lenta : opens three new hypermarkets

St. Petersburg, Russia; 27 December 2018 - Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its hypermarkets in Murmansk, Izhevsk and Maykop.

The first store is Lenta compact hypermarket located in Murmansk at 2 Radischeva street. The store has a total area of 8,256 sq.m with 5,470 sq.m of selling space and is open 24 hours a day, 7 days a week. A broad assortment of products of 20,500 SKUs has been selected specifically for residents of Murmansk. The store has 216 parking spaces and 24 cash registers including 4 self-checkout lanes. The property is owned by Lenta.

The second store is Lenta compact hypermarket located in Izhevsk at 146 Kirova street. The store has a total area of 7,377 sq.m with 4,217 sq.m of selling space and is open 24 hours a day, 7 days a week. A broad assortment of products of 17,500 SKUs has been selected specifically for residents of Izhevsk. The store has 20 cash registers including 4 self-checkout lanes. The property is leased by Lenta.

Lenta also opened its first compact hypermarket in Maykop, South, located at 190 Stepnaya street. The store has a total area of 8,552 sq.m with 5,101 sq.m of selling space and is open from 8 am to 11 pm, 7 days a week. The store has 16 cash registers including 4 self-checkout lanes. A broad assortment of products of 20,500 SKUs has been selected specifically for residents of Maykop. The property is leased by Lenta.

Product assortment of hypermarkets includes Lenta's private labels and federal product ranges alongside local produce.

The new openings are Lenta's tenth, eleventh and twelfth hypermarket launches in 2018 and bring the total number of Lenta stores to 242 hypermarkets in 89 cities across Russia and 133 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region.

About Lenta

Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country's third largest retail chain (in terms of 2017 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 242 hypermarkets in 89 cities across Russia and 133 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,457,275 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has selling space of approximately 800 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 50,600 people as of 30 June 2018¹.

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
Maria Filippova
Public Relations and Government Affairs Manager
Tel.: [phone] ext.: 1892
E-mail: [e-mail]

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:[phone]
E-mail: [e-mail]

¹ FTE (full-time equivalent). Average FTE for 1H2018 was 49,643 employees