Holding Statement

21 October 2016

Lenta Ltd. ("Lenta")

Confirmation of discussions between Lenta and Kesko Oyj, Finland ("Kesko") regarding a potential transaction

Lenta today announces that it is in preliminary discussions with Kesko regarding the potential acquisition of Kesko's Russian grocery retail business, which operates 11 stores under the K-Ruoka brand in and around St. Petersburg. The Company and Kesko have at present not reached an agreement with respect to the potential transaction and there can be no certainty that these discussions will lead to a transaction, or the terms on which any transaction might be agreed.

This announcement is available on the Company's website: www.lentainvestor.com. In accordance with Listing Rule 14.3.6, an electronic copy of this announcement has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

A further announcement will be made when appropriate.

For further information, please contact:

Mr. Albert AvetikovDirector for Investor Relations112 Savushkina StreetSaint PetersburgRussia 197374

Telephone: +7 812 363 28 44