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

Press Release | St. Petersburg | 25 April 2022

Lenta Announces the Holding of the Board of Directors Meeting

St. Petersburg, Russia, 25 April 2022: 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 25 April 2022.

The agenda of the meeting:

1. On the convocation of the annual General Meeting of Shareholders of the Company (the "Meeting")
2. On determining the form of holding the Meeting; date, place, time of the Meeting; addresses to which completed ballots shall be sent
3. On determining the date of compiling the list of persons entitled to participate in the Meeting
4. On the appointment of the Secretary of the Board of Directors
5. On determining the date until which proposals to add issues to the agenda of the Meeting and to nominate candidates to the Board of Directors of the Company from the Company's shareholders, aggregately holding two percent (2%) of the Company's voting shares, are accepted
6. On the approval of text of the notification on the right of shareholders, aggregately holding two percent (2%) of the Company's voting shares to add issues to the agenda of the Meeting and nominate candidates to the Board of Directors of the Company, and on the determination of the procedure for notifying the shareholders of the Company on the above

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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 recently launched 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 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 541 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia, with almost 1.77 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. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).