LNTR.L Regulatory News (LNTR)

Press Release | St. Petersburg | 18 March 2021

Lenta to hold Capital Markets Day

St. Petersburg, Russia, 18 March 2021: Lenta IPJSC (MOEX & LSE: LNTA), one of the largest retail chains in Russia, will today announce its updated strategy for the period through 2025 as part of the company's Capital Markets Day.

Lenta's Chairman and its senior management team will set out the core pillars of the company's updated strategy, followed by a Q&A session.

Presenting for Lenta will be:

· Alexey Mordashov (Chairman)

· Vladimir Sorokin (Chief Executive Officer)

· Rud Pedersen (Chief Financial Officer)

· Anastasia Volokhova (Chief Strategy and Transformation Officer)

The Capital Markets Day begins at 16:00 Moscow time (13:00 in London and 09:00 in New York) and will take place online. Please find below the direct links to the EQS webcast platform:

· https://www.webcast-eqs.com/register/lenta20210318/en (English)

· https://www.webcast-eqs.com/register/lenta20210318/ru (Russian)

The Capital Markets Day presentation will be published shortly on the Lenta investor website at: http://www.lentainvestor.com/en/investors/company-presentations

A replay of the Capital Markets Day will be made available after the event at https://www.lentacmd.com/

The updated Strategy 2025 aims to transform Lenta into a food retail champion during the next stage of the Russian food retail sector. It builds on the company's existing strengths as Russia's fourth largest and most profitable major food retailer with a nationwide presence, a leading and widely recognized brand, and a highly loyal customer base.

Lenta seeks to achieve the following four goals:

· Growth - to double revenues to RUB 1 trillion by 2025

· Profitability - to remain the most profitable Russian food retailer

· Competitiveness - to be the #1 or #2 player in those geographies or segments where Lenta chooses to compete

· Returns - to generate a sector-leading TSR by 2025

Vladimir Sorokin, CEO of Lenta, said:

"The Russian food retail market has undergone a large transformation over recent years and continues to evolve at a rapid pace. We believe that Lenta's core strengths position it perfectly to capitalize on future growth opportunities. The updated strategy we are unveiling today sets out ambitious and achievable goals that will enable Lenta to become a new champion amongst Russian food retailers."

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

About Lenta 

Lenta is the largest hypermarket chain in the Russian Federation and the fourth largest food retailer. The Company was founded in 1993 in St. Petersburg and as of December 31, 2020, operated a nationwide chain of 254 hypermarkets and 139 supermarkets across Russia with more than 1.5 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, while the Lenta supermarket averages 800 square meters. The company operates 13 distribution centers throughout Russia. Lenta is listed on both the London Stock Exchange and Moscow Exchange, trading under the ticker: "LNTA".

Forward-Looking Statements 

This announcement includes statements that are, or may be deemed to be, "forward-looking statements." These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate," "target," "expect," "estimate," "intend," "expected," "plan," "goal," "believe," or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta's control. As a result, actual future results may differ materially from the plans, goals, and expectations set out in these forward-looking statements. Any forward-looking statements made by or on behalf of Lenta speak only as of the date of this announcement. Except as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.