Lenta: Change in Custodian for GDR Programme

Lenta Announces Change in Custodian for GDR Programme

St. Petersburg, Russia, 22 December 2020: Lenta PLC (MOEX & LSE: LNTA), one of the largest retail chains in Russia, today announces a change of custodian (the "Custodian") in connection with its global depositary receipt ("GDR") programme (the "GDR Programme"). In anticipation of the previously announced re-domiciliation of Lenta from the Republic of Cyprus to the Russian Federation, Deutsche Custody NV has been replaced as Custodian, effective today 22 December 2020, by AO Raiffeisenbank, a company organised under Russian law, with its principal office located at: 17 building 1, Troitskaya Street, Moscow, 129090, Russian Federation.

In accordance with clause 3.1 of the amended and restated deposit agreement dated 28 January 2020 relating to the GDR Programme and the terms and conditions of the GDRs, notice of the change in Custodian is being given to holders of GDRs (as well as notice of a related amendment to the deposit agreement to implement that change).

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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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

About Lenta

Lenta is the largest hypermarket chain in the Russian Federation and the fourth largest food retailer. The company was founded in 1993 in St. Petersburg. As of the end of Q3 2020, Lenta operates 250 hypermarkets and 136 supermarkets in 88 cities across Russia with almost 1.5 million square meters of selling space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, while the Lenta supermarket averages 800 square meters. The company operates 12 distribution centers throughout Russia. Lenta is listed on both the London Stock Exchange and Moscow Exchange, trading under the ticker: 'LNTA'