Lenta International PJSC Directorate Change (4265D)

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RNS Number : 4265D

Lenta International PJSC

02 March 2022

Press Release | St. Petersburg | 2 March 2022

Lenta Announces Resignation of the Board of Directors Members

St. Petersburg, Russia, 2 March 2022: Lenta IPJSC (LSE: LNTA, MOEX: LNTA & LENT), one of the largest multi-format retail chains in Russia, today announces resignation of Rud Pedersen, Steve Johnson, Michael Lynch-Bell, and Tomas Korganas as members of the board of directors of Lenta IPJSC and other roles in group companies, effective 1st and 2nd March 2022. The resignations follow the imposition of new sanctions against certain Russian persons, including Mr. Alexey Mordashov, the UBO of Severgroup LLC which is the shareholder holding 77.99% of shares in Lenta, by the European Union on 28 February 2022.

     For further information, please visit https://corp.lenta.com/   or contact: 
 
 Lenta                                Lenta 
  Tatyana Vlasova                     Mariya Filippova 
  Head of Investor Relations          Head of Public Relations and 
  tatyana.vlasova@lenta.com           Government Affairs 
                                      maria.filippova@lenta.com 
 EM (International Media Inquiries) 
  Lenta@em-comms.com

About Lenta

Lenta IPJSC (LSE: LNTA, MOEX: LNTA, LENT) 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 December 31, 2021, operated 254 hypermarkets and 503 supermarkets and convenience stores in 89 cities across Russia with more than 1.75 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 14 distribution centers to supply all of its stores. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).

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March 02, 2022 11:00 ET (16:00 GMT)

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