Lenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting

Press Release | St. Petersburg | 6 March 2023

Lenta Announces the Holding of the Board of Directors Meeting

St. Petersburg, Russia, 6 March: Lenta IPJSC (LSE: LNTA, MOEX: LENT), one of the largest multi-format retail chains in Russia, today announces the holding of the Board of Directors meeting on 7 March 2023.

The agenda of the meeting:

1. On recommendations issued by the Audit Committee of the Companys Board of Directors.
2. Approval of reorganization of LLC Lenta Realty in the form of merger with LLC Lenta.
3. On approval of the resolution on voluntary liquidation of the Limited Liability Company Semya.
4. On approval of the resolution on voluntary liquidation of the Limited Liability Company Semya OPT.
5. On approval of the resolution on the transfer of the trademarks owned by LLC Semya.

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About Lenta

Lenta IPJSC (LSE: LNTA, MOEX: LENT) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and a new proximity store format under the brand Mini Lenta. It also provides customers the option to shop online via its own Lenta Online services, Online Partners and the Utkonos platform. Lenta is Russias largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of 31 December 2022, operated 259 hypermarkets and 561 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia, with almost 1.79 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 its stores. 2022 Revenues were RUB 537 billion (approximately USD 7.6 billion).