6 July 2021

Russian Federal Antimonopoly Service Approves the Acquisition of Billa Russia

St. Petersburg, Russia, 06 July 2021: Lenta IPJSC (MOEX & LSE: LNTA), one of the largest multi-format retail chains in Russia, today announces that its indirect subsidiary Lenta LLC has received approval from the Russian Federal Antimonopoly Service (“FAS”) in connection with the acquisition of the supermarkets business of Billa Russia GmbH through the purchase of 100% stakes in LLC Billa Realty and LLC Billa (“Billa Russia”).

The transaction is expected to close on 2 August 2021.

Billa currently operates supermarkets with total selling space of 138,051 square meters, the vast majority of them in Moscow and the Moscow region, as well as a distribution center in Bykovo (Moscow Region).

Lenta plans to integrate the 161 newly acquired supermarkets, supply chain infrastructure and Billa Russia employees into the Lenta retail network. Once the stores have been converted to the Lenta brand, the Billa brand will be discontinued within Russia.

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

Lenta
Mariya Filippova
Head of Public Relations and Government Affairs
maria.filippova@lenta.com

Lenta
Timothy Post
Investor Relations Officer
timothy.post@lenta.com

EM (International Media Inquiries)
Lenta@em-comms.com

 

About Lenta
Lenta IPJSC (LSE and MOEX: LNTA) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand “Mini Lenta.” It also provides customers the option to shop online via its click-and-collect and express delivery services. Lenta is Russia’s largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of March 31, 2021 operated 254 hypermarkets and 140 supermarkets in 89 cities across European Russia with more than 1.5 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 13 distribution centers to supply all of its stores. 2020 Revenues were RUB 445 billion (approximately USD 6 billion).

Forward-Looking Statements
This announcement includes statements that are, or may be deemed to be, "forward-looking statements." These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate," "target," "expect," "estimate," "intend," "expected," "plan," "goal," "believe," or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta's control. As a result, actual future results may differ materially from the plans, goals, and expectations set out in these forward-looking statements. Any forward-looking statements made by or on behalf of Lenta speak only as of the date of this announcement. Except as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.