Lenta Announces Management Change

Press Release | St. Petersburg | 4 February 2022

Lenta Announces the Appointment of Chief E-commerce Officer

St. Petersburg, Russia, 4 February 2022: Lenta IPJSC (LSE: LNTA, MOEX: LNTA & LENT), one of the largest multi-format retail chains in Russia, today announces changes in its Executive team. Dmitry Skiba, previously the Director of Online Business and Professional Client Relations at Lenta, has been appointed to the position of Chief E-commerce Officer effective 7 February 2022. As the Chief E-commerce Officer, Dmitry will be responsible for shaping the strategy and executing the expansion of Lenta's Online business, while also ensuring the combined Online business achieves its key operational and financial targets.

Dmitry Skiba has served as the Director of Online Business and Professional Client Relations at Lenta since 2019. Prior to joining Lenta, Dmitry worked at the consulting company McKinsey & Company, where he led transformation projects in retail and e-commerce, as well as in strategic, commercial, and operating projects for multiple industries. Prior to McKinsey, Dmitry held various positions at Procter & Gamble in Russia and Ukraine.

Danny Perekalsky, who has led Utkonos for almost three years, has decided to leave the company to focus on developing other projects.

Alexey Mordashov, Lenta's Chairman of the Board of Directors, commented:

"I'd like to thank Danny Perekalsky for a job well done. Danny managed to stabilize the business and implement several key Utkonos' projects. I hope that the combined team led by Dmitry Skiba will be able to effectively respond to new market challenges and achieve decent results."

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About Lenta

Lenta IPJSC (LSE: LNTA, MOEX: LNTA, LENT) 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 December 31, 2021, operated 254 hypermarkets and 503 supermarkets and convenience stores in 89 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. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).

Forward-Looking Statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements." These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate," "target," "expect," "estimate," "intend," "expected," "plan," "goal," "believe," or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta's control. As a result, actual future results may differ materially from the plans, goals, and expectations set out in these forward-looking statements. Any forward-looking statements made by or on behalf of Lenta speak only as of the date of this announcement. Except as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.