Lenta announces completion of redomiciliation (1008973)

Lenta PLC (LNTA;LNTR)
Lenta announces completion of redomiciliation

27-March-2020 / 11:20 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

LENTA ANNOUNCES THE COMPLETION OF THE REDOMICILIATION

St. Petersburg, Russia; 27 March 2020 - Lenta PLC ("Lenta" or the
"Company"), one of the largest retail chains in Russia, today announces that
the continuance of the Company into Cyprus (the "Redomiciliation") has
become permanent.

This announcement should be read in conjunction with the Company's
announcements of 8 January 2020 and 21 February 2020 in relation to the
Redomiciliation (together, the "Previous Announcements").

Further to obtaining the certificate of temporary registration in Cyprus
issued on 21 February 2020 by the Department of Registrar of Companies and
Official Receiver (the "DRCOR"), the Company received a certificate of
discontinuance of the Company in the British Virgin Islands issued on 25
February 2020 by the Registry of Corporate Affairs in the British Virgin
Islands.

As the final step of the Redomiciliation, the DRCOR today issued the
Certificate of Continuation of the Company by which it certifies that the
Company was registered from 21 February 2019 in accordance with the Cyprus
Companies Law Cap 113, in particular section 354H as a company continuing in
the Republic of Cyprus. This has not entailed any changes to the Company or
the Company's global depositary receipts further to those limited changes
that became effective upon receipt of the temporary certificate of
incorporation in Cyprus on 21 February 2020.

Further information regarding the status of the Company following the
Redomiciliation may be found in the Previous Announcements.

About Lenta

Lenta is the largest hypermarket chain in Russia and the country's
fourth-largest retail chain. The Company was founded in 1993 in St.
Petersburg. Lenta operates 249 hypermarkets in 88 cities across Russia and
131 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and
Central regions, with a total of approximately 1,489,497 sq.m. of selling
space. The average Lenta hypermarket store has selling space of
approximately 5,500 sq.m. The average Lenta supermarket store has selling
space of approximately 84 0 sq.m. The Company operates 12 distribution
centers.

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 48,391 people as of 31
??????? 2019.

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 Severgroup, which is 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 [1].

? For further information please visit www.lentainvestor.com [2], or
contact:

? Lenta Russian Media:

? Mariya Filippova

? Public Relations and Government NW Advisors
Affairs Director

? Tel: +7 812 380-61-31 ext.:
1892 Victoria Afonina

? E-mail:
maria.filippova@lenta.com
?el:+7 495 795 06 23

E-mail: lenta@nwadvisors.com

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
at the date of this announcement. Save 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.

ISIN: US52634T2006, US52634T1016
Category Code: MSCH
TIDM: LNTA;LNTR
LEI Code: 213800OMCE8QATH73N15
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 55033
EQS News ID: 1008973

End of Announcement EQS News Service

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d398c68963e6469fc5c08b5653f0662f&application_id=1008973&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=7b02fd0089c43ad819982a795a635ba5&application_id=1008973&site_id=vwd&application_name=news

(END) Dow Jones Newswires

March 27, 2020 06:20 ET (10:20 GMT)

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