The Lenta Independent Directors note the announcement today by Severgroup that the pre-condition to the making of the cash offer by Severgroup to acquire all of the issued and to be issued shares of Lenta and all of the Lenta GDRs (excluding treasury shares) (the “Offer”) has been satisfied and, accordingly, that the Offer Document is being made available to Lenta Securityholders today.

The Lenta Independent Directors note that the Offer is not subject to any conditions and, in particular, is not conditional upon Severgroup achieving any particular level of acceptances under the Offer. Full terms of the Offer are set out in the Offer Document, which is available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Lenta’s website at www.lentainvestor.com/en/investors.

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Offer Document.

Enquiries:

Lenta

Albert Avetikov
Tel: +7 812 363-28-44
Email: albert.avetikov@lenta.com

J.P. Morgan (Financial Adviser to Lenta)
Toby Radford
Tel: +44 20 7134 7066
Email: toby.radford@jpmorgan.com

Vladimir Blinov
Tel: +7 495 937 7310
Email: vladimir.e.blinov@jpmorgan.com

Further information

J.P. Morgan Securities plc (“J.P. Morgan”), is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom. J.P. Morgan is acting exclusively as financial adviser to Lenta and no one else in connection with the Offer and will not regard any other person as its client in relation to the Offer and will not be responsible to anyone other than Lenta for providing the protections afforded to clients of J.P. Morgan or its affiliates, or for providing advice in relation to the Offer or any other matter referred to in this announcement.

This announcement is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise, nor shall there be any sale, issuance or transfer of securities of Lenta in any jurisdiction in contravention of applicable law. The Offer is being made solely by means of the Offer Document, which contains the full terms of the Offer including details of how it may be accepted. Details on how eligible Lenta Securityholders can accept the Offer are set out in the Offer Document.

A copy of the Offer Document is available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Lenta’s website at www.lentainvestor.com/en/investors. For the avoidance of doubt, the contents of that website are not incorporated into and do not form part of this announcement.