22 June 2018

Lenta elects Board of Directors at AGM

Saint Petersburg, Russia; 22 June 2018 – Lenta (LSE, MOEX: LNTA) (“the Company”), one of the largest retail chains in Russia, today announces the results of the Company’s Annual General Meeting of Shareholders (“AGM”).

The shareholders of Lenta Ltd. elected 7 non-executive Directors:

  • John Oliver;
  • Stephen Johnson;
  • Michael Lynch-Bell;
  • Dmitry Shvets;
  • Martin Elling;
  • Steven Hellman;
  • Julia Solovieva.

Julia Solovieva was elected as Lenta’s Director for the first time. Julia is currently Director, Business Operations for Emerging Markets EMEA with Google. Prior to this, from 2013 to 2016 she was Managing Director/Country Manager of Google Russia, with responsibility for growth, business strategy, operations and strategic alliances. Ms. Solovieva has over 20 years of experience in the internet search, media, retail and telecoms sectors.

Lenta’s Board of Directors consists of 9 members – 7 non-executives who are elected (or re-elected) annually and the CEO and CFO who hold office by virtue of their executive positions.

In addition, the AGM reviewed the Company’s annual accounts for the financial year ended 31 December, 2017, reappointed Ernst & Young LLC as Lenta’s auditor until the Company’s next AGM and decided to authorize the Board of Directors of the Company to determine the auditors’ remuneration.

Shareholders who registered in the Company’s Register of Members by 22 May, 2018 were entitled to attend and vote at the AGM. The Notice of the AGM which included all matters to be voted upon was sent to shareholders one month in advance of the AGM.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s third largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 233 hypermarkets in 84 cities across Russia and 112 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,402,428 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,600 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned 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 53,100 people as of 31 December 20171.

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
Maria Filippova
Public Relations and Government Affairs Manager
Tel.: +7 812 380-61-31 ext.: 1892
E-mail: maria.filippova@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal

Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

1 FTE (full-time equivalent). Average FTE for 2017 was 42,366 employees