LNTA.L Regulatory News (LNTA)

LENTA COMPLETES PLACEMENT OF BOND OFFERING

St-Petersburg, Russia; 10 September 2015 - Lenta, (LSE, MOEX: LNTA), one of the largest retail chains in Russia, today announced it has completed the placement of RUB 5 billion BO-06 series bonds (the "Bonds").

The BO-O6 series bonds have a 36-month put option and a maturity of 10 years with a nominal value of RUB 1,000 each and semi-annual coupon.

Order books opened on 8 September 2015 and closed on 8 September 2015. The bonds were placed on MOEX and settled on 10 September 2015.

At the close of book building the final interest rate of the first coupon was set at 12.4%. The coupons from the second to the sixth will bear the same rate.

The BO-O6 Bonds are Lenta's fifth bond series traded on MOEX. On 6 August 2015, Lenta issued BO-O3 series bonds totalling RUB 5 billion, in addition to bond series 1, 2 and 3 for a total amount of RUB 10 billion issued in March 2013. Additionally, the company has registered an exchange bonds program in the amount of RUB 23 billion.

Proceeds from the bond issue will provide Lenta with additional financial flexibility to accelerate its store opening programme in 2016 and beyond.

VTB Bank and AO Raiffeisenbank will act as arrangers of the deal.

About Lenta

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 120 hypermarkets in 63[1] cities across Russia and 27 supermarkets in Moscow, with a total of approximately 777,182 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,200 sq.m. The Company operates five 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 35,100 people as of 31 December

2014[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.

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