LNTR.L Regulatory News (LNTR)

JULIA SOLOVIEVA NOMINATED TO JOIN BOARD OF DIRECTORS OF LENTA LTD. AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

St-Petersburg, Russia; 22 May, 2018 - Lenta Ltd, (LSE, MOEX: LNTA / "Lenta" or the "Company") one of the largest retail chains in Russia, is pleased to announce that Julia Solovieva has been nominated to serve as an Independent Non-Executive Director of Lenta Ltd. Julia will be considered for election to the Board of Directors at the Company's AGM on June 22, 2018

Julia Solovieva is currently Director, Business Operations for Emerging Markets EMEA with Google. Prior to this, from 2013 to 2016 she was Managing Director/Country Manager of Google Russia, with responsibility for growth, business strategy, operations and strategic alliances.

Ms. Solovieva has over 20 years experience in the internet search, media, retail and telecoms sectors. Prior to joining Google, from 2007 to 2012 she held various senior positions including the role of President, at Prof-Media, one of Russia's largest media groups. Prior to this she held various corporate development and other leadership roles in the telecoms sector and also has experience in strategy consulting with Booz Allen Hamilton Netherlands and as Director of Operations for Mary Kay Russia and CIS. 

Julia holds an MBA from Harvard Business School and a BA in foreign languages from Moscow State Linguistic University.

If elected, Julia Solovieva would replace Anton Artemiev, who has served as an Independent Non-Executive Director of Lenta Ltd. since 2013 and is retiring from the Board with the effect from June 22, 2018.

Lenta's Chairman, John Oliver, commented:

"I am delighted that Julia Solovieva has agreed to join the Lenta Board. If she is elected, the Company will benefit from her extensive Russian and international experience in the digital, media and telecom sectors. As the food retail sector evolves towards greater digitalisation Julia's skills and knowledge will be of great value for the Company.

On behalf of the Board I would also like to thank Anton Artemiev, who is retiring, for his valuable contributions to Lenta's development over the course of his 5-year tenure, which spanned Lenta's transition from a private company into one of Russia's leading publicly quoted retailers."

About Lenta

Lenta is the largest hypermarket chain in Russia, and the country's third largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 232 hypermarkets in 84 cities across Russia and 108 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,394,538 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,600 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 53,100 people as of 31 December 2017.

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'.

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