Lenta Announces Board Decision

Press Release | St. Petersburg | 15 November 2021

Lenta Announces Board Decision

St. Petersburg, Russia, 15 November 2021: Lenta IPJSC (MOEX & LSE: LNTA), one of the largest multi-format retail chains in Russia, announces the decisions made at a meeting of its board of directors (the "Board") held on 12 November 2021.

In continuation of the Company's redomiciliation from Cyprus to the Russian Federation and for the purpose of aligning of the Company's corporate governance system with the requirements of the Company's Articles of Association and the Corporate Governance Code approved by the Board of Directors of the Bank of Russia on March 21, 2014, the Board approved the Company's Dividend Policy, as well as Regulations on Board's committees, and formally documented the Internal Audit Charter and Regulations on the Corporate Secretary of the Company.

The above regulations and policies will shortly be uploaded to the Lenta's website at http://www.lentainvestor.com/en/about/corporate-governance/internal-policies.

The Board also appointed Dmitry Petrov to the position of Company's Internal Audit Director.

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

About Lenta

Lenta IPJSC (LSE and MOEX: LNTA) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand "Mini Lenta." It also provides customers the option to shop online via its click-and-collect and express delivery services. Lenta is Russia's largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of September 30, 2021, operated 255 hypermarkets and 419 supermarkets in 88 cities across Russia with more than 1.7 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 14 distribution centers to supply all of its stores. 2020 Revenues were RUB 445 billion (approximately USD 6 billion).