St Petersburg, Russia, March 4, 2016– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, today announces completion of the 03 series bonds secondary offering.

On March, 3 the company executed an offer of 03 series bonds with total value of 586,583,000 rubles (excluding accrued coupon yield), and completed book building for the offering on the same day. The initial indicative price was equal to 100% of nominal value (corresponding to a 12.10% yield per annum). The final price was 100.75 % of nominal value (11.72% yield per annum).

Demand for the 03 series bonds offered exceeded the offer and reached more than 5 billion rubles.

The company originally issued 03 series bonds worth 4 billion rubles in March 2013, with a final maturity of 7 years and a coupon reset due in March 2016, 3 years after issue. The securities have semi-annual coupons. Coupons 1-6 were set at 10% per annum. Coupons 7-11 were reset in March 2016 at 11.75% per annum. The total volume of 03 series bonds in circulation remains 4 billion rubles. The next coupon reset is due after two and a half years in August 2018.

Currently the company has four other bond series traded on the market - 01 and 02 series bonds with a total value of 6 billion rubles, and BÎ-03 and BÎ-6 series bonds worth 10 billion rubles.

VTB Capital and Raiffeisenbank acted as arrangers of the deal.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 142 hypermarkets in 70¹ cities across Russia and 32 supermarkets in Moscow and St. Petersburg, with a total of approximately 891,995 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,100 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 38,414 people as of 31 December 2015².

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

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

Lenta
Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova,
Corporate Communications Manager
Ňel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

Citigate
International Media:
David Westover & Marina Zakharova
Ňel: +44 207 638 9571
E-mail: lentateam@citigatedr.co.uk

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

¹According to Lenta’s methodology for calculating number of cities of presence, since 1 May 2015 all cities located in Moscow City and the Moscow region are shown as Moscow, and all cities located in the Leningrad region and St. Petersburg are shown as St. Petersburg.
² FTE (full-time equivalent). Average FTE for 2015 was 31,307 employees.