Holding(s) in Company

Lenta Ltd., 13 January 2016

By way of voluntary compliance with Disclosure and Transparency Rule 5.8.12 R (1), Lenta Ltd. hereby discloses the following information provided to it on Form TR-1 (Notification of major interest in shares).

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached

Lenta Ltd.

Reason for notification

Disposal of voting rights

Full name of person subject to the notification obligation

LUNA HOLDINGS INC.

Full name of shareholders

Date of the transaction and date on which the threshold is crossed or reached

December 23, 2015

Date on which issuer notified

January 12, 2016

Threshold crossed

3% threshold in respect of all voting rights

Notified details - Voting rights attached to shares

Class/type of shares

Situation previous to triggering transaction

Resulting situation after the triggering transaction

No. of shares

No. of voting rights

No. of shares

No. of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GDRs

US52634T1016 (for 144A GDRs) and US52634T2006 (for Regulation S GDRs)

17,278,371

GDRs representing 3,455,674.2 Shares

3,455,674.2

14,308,337 GDRs representing 2,861,667.4

Shares

2,861,667.4

-

2.94%

-

Chain of controlled undertakings through which the voting rights and the financial instruments are effectively held

All of the GDRs specified in the "Notified details" section of this announcement are held by LUNA HOLDINGS INC., which is a member of and beneficially owned by the VTB Capital group.

Additional Information

The reported disposal of voting rights arose from the repo transaction entered into by LUNA HOLDINGS INC. with respect to Lenta Ltd GDRs.

Contact name

Cicely Leemhuis

Contact telephone number

+44 (0) 20 3334 8862