The Lenta Directors note the announcement today by Severgroup that the Offer closed at 1.00 p.m. on 4 June 2019, and is not capable of further acceptance.

By 1.00 p.m. (London time) on 4 June 2019, Severgroup had received valid acceptances under the Offer in respect of Lenta Securities which, when aggregated with the other Lenta Securities in which Severgroup has an interest (including the Lenta GDRs purchased from TPG and EBRD), carry in aggregate approximately 78.73 per cent. of Lenta's voting rights.

As set out in the Offer Document, any valid acceptances received by Severgroup after 21 May 2019 and on or before 4 June 2019 will (unless already settled) be settled on or before 18 June 2019.

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.

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.