Lenta Announces Delisting of GDRs from MOEX

Press Release | St. Petersburg | 20 January 2022

Lenta Announces Delisting of GDRs from MOEX

St. Petersburg, Russia, 20 January 2022: Lenta IPJSC (MOEX: LENT & LNTA, LSE: LNTA), one of the largest multi-format retail chains in Russia, announces that it has been notified by Moscow Exchange ("MOEX") that with effect from 19 April 2022 the global depositary receipts (ISIN: US52634T2006) ("GDRs") representing ordinary shares in the Company ("Ordinary Shares") will be excluded from "Level 1" part of the list of securities admitted to trading on MOEX and no longer trade on MOEX.

GDRs will continue to be listed and traded on the London Stock Exchange (ISIN: US52634T2006, LSE: LNTA). As Lenta has previously announced, the Ordinary Shares have been included in the "Level 1" part of the list of securities admitted to trading on MOEX (MOEX: LENT) with the trading on MOEX having commenced from 1 December 2021.

GDR holders who cancel their GDRs and receive Ordinary Shares in return will be charged a reduced GDR cancellation fee by the Depositary of USD 3 cents per GDR if the Depositary receives duly completed documentation to in respect of the cancellation from the GDR holder (or their broker) no later than 18:00 hours (Moscow time) on 1 February 2022, after which the fee will revert to the standard USD 5 cents per GDR fee. The holders of GDRs may find additional information on the cancellation process through the following link http://www.lentainvestor.com/en/investors/shareholders/shareholder-capital.

Investors and prospective investors are advised to consult with their legal, financial, tax and strategic advisers regarding the above.

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

About Lenta

Lenta IPJSC (MOEX: LENT & LNTA, LSE: 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).