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RNS Number : 9583F

Lenta International PJSC

25 March 2022

Press Release | St. Petersburg | 25 March 2022

Lenta Announces Appointment of New Board Member

St. Petersburg, Russia, 25 March 2022: Lenta IPJSC (LSE: LNTA, MOEX: LNTA & LENT), one of the largest multi-format retail chains in Russia, today announces the appointment of Elena Petrenko to its Board of Directors, effective 24 March 2022 for a period until the next annual General Meeting of Shareholders of the Company.

Ms. Petrenko has over 15 years of experience in corporate finance and treasury. Elena has joined Lenta in 2019 as Director of Treasury. Prior to joining Lenta, Elena served in numerous senior positions including Head of Corporate Finance and Head of Treasury at PAO Severstal. Ms. Petrenko graduated from Ulyanovsk State University with a degree in Finance and Credit in 2006. Elena is an MBA candidate at The University of Chicago Booth School of Business.

Lenta's Chief Executive Officer, Vladimir Sorokin, commented:

"We are pleased to welcome Elena as a new Board Member of Lenta IPJSC. Elena has already been with Lenta for more than three years and I firmly believe that Elena's expertise will further support our development and help us to reach Lenta's long-term goals."

   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 25, 2022 04:00 ET (08:00 GMT)

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