| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
| |
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Lenta Ltd. |
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
| Non-UK issuer | X |
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
| An acquisition or disposal of voting rights | X |
| An acquisition or disposal of financial instruments | |
| An event changing the breakdown of voting rights | |
| Other (please specify)iii: | |
| 3. Details of person subject to the notification obligationiv |
| Name | Alexey Mordashov |
| City and country of residence | Cherepovets, Vologda region, 162609, Russian Federation |
| 4. Full name of shareholder(s) (if different from 3.)v |
| Name | Severgroup Limited Liability Company |
| City and country of registered office (if applicable) | 33, prospect Pobedy, Cherepovets, Vologda region, 162614, Russian Federation |
| 5. Date on which the threshold was crossed or reachedvi: | 20 May 2019 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 20 May 2019 |
| 7. Total positions of person(s) subject to the notification obligation |
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii |
| Resulting situation on the date on which threshold was crossed or reached | 59.17% | N/A | 59.17% | 57,198,244 |
| Position of previous notification (if applicable) | 52.69% | N/A | 52.69% | 50,934,724 |
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