28 July 2021

Russian Federal Antimonopoly Service Approves the Acquisition of Semya

St. Petersburg, Russia, 28 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 Semya Group.

The transaction is expected to close in summer 2021.

Semya Group operates 75 stores in Perm city and the Perm region with total selling space of 46,600 square meters, including four hypermarkets, 27 supermarkets and 44 convenience stores.

Lenta plans to integrate the newly acquired supermarkets, supply chain infrastructure and Semya’s 3,200 employees into the Lenta retail network. The Semya hypermarkets will switch to the Lenta brand, while the supermarkets will be rebranded as Super Lenta and the convenience stores will be transferred to the new Mini Lenta brand.

For further information please 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 June 30, 2021, operated 255 hypermarkets and 151 supermarkets in 88 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 11 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.