FOR IMMEDIATE RELEASE

May 16, 2019

UPDATE ON CASH OFFER BY SEVERGROUP LLC FOR LENTA LTD.

SEVERGROUP REACHES 50%

The Lenta Directors note the announcement today by Severgroup that Severgroup has received
valid acceptances under the Offer in respect of Lenta Securities which, when aggregated with the
other Lenta Securities in which Severgroup has an interest (including the Lenta GDRs purchased
from TPG and EBRD, but excluding treasury shares), carry in aggregate more than 50 per cent. of
Lenta’s voting rights and that, as a result, the Offer is being extended and will remain open until
1.00 p.m. (London time) on 4 June 2019 (being the 14th day after the First Closing Date).

Full terms of the Offer are set out in the Offer Document, which is available, subject to certain
restrictions relating to persons resident in Restricted Jurisdictions, on Lenta’s website at
www.lentainvestor.com/en/investors.

Capitalised terms used but not otherwise defined in this announcement have the meanings given
to them in the Offer Document.

Enquiries:

Lenta

Albert Avetikov Tel: +7 812 363-28-44

Email: albert.avetikov@lenta.com

J.P. Morgan (Financial Adviser to Lenta)

Toby Radford Tel: +44 20 7134 7066

Email: toby.radford@jpmorgan.com

Vladimir Blinov Tel: +7 495 937 7310

Email: vladimir.e.blinov@jpmorgan.com

Further information

J.P. Morgan Securities plc (“J.P. Morgan”), is authorised by the PRA and regulated by the FCA and
the PRA in the United Kingdom. J.P. Morgan is acting exclusively as financial adviser to Lenta and
no one else in connection with the Offer and will not regard any other person as its client in relation
to the Offer and will not be responsible to anyone other than Lenta for providing the protections
afforded to clients of J.P. Morgan or its affiliates, or for providing advice in relation to the Offer or
any other matter referred to in this announcement.

This announcement is not intended to and does not constitute, or form part of, an offer, invitation
or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose
of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Offer
or otherwise, nor shall there be any sale, issuance or transfer of securities of Lenta in any jurisdiction
in contravention of applicable law. The Offer is being made solely by means of the Offer Document,

[AM_ACTIVE 401207747_2]
 which contains the full terms of the Offer including details of how it may be accepted. Details on
how eligible Lenta Securityholders can accept the Offer are set out in the Offer Document.

A copy of the Offer Document is available, subject to certain restrictions relating to persons resident
in Restricted Jurisdictions, on Lenta’s website at www.lentainvestor.com/en/investors. For the
avoidance of doubt, the contents of that website are not incorporated into and do not form part of
this announcement.

[AM_ACTIVE 401207747_2]