Lenta Ltd., July 9, 2018

By way of voluntary compliance with Disclosure and Transparency Rule 5.8.12 R(2), Lenta Ltd. hereby discloses the following information provided to it with respect to a notification of a major interest in shares.

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached

Lenta Ltd. (a non-UK issuer)

Reason for notification

Disposal of voting rights

Full name of persons subject to the notification obligation

Ruane, Cunniff & Goldfarb L.P.

Full name of shareholders

Date of the transaction and date on which the threshold is crossed or reached

July 5, 2018

Date on which issuer notified

July 6, 2018

Thresholds crossed

Falls below the 5% threshold in respect of voting rights

Notified details - Voting rights attached to shares

Class/type of shares

Situation previous to triggering transaction

Resulting situation after the triggering transaction

No. of shares

No. of voting rights

No. of shares

No. of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Regulation S GDRs

(US52634T2006)

24,506,690 GDRs representing 4,901,338 Shares

4,901,338

24,248,215 GDRs representing 4,849,643 Shares

4,849,643

4.98%

Chain of controlled undertakings through which the voting rights and the financial instruments are effectively held

All of the GDRs specified to be held directly in the above "Voting rights attached to shares" section of this announcement are held by Ruane, Cunniff & Goldfarb L.P., which is an SEC-registered investment adviser operating in New York City, United States of America.

Additional Information

n/a

Contact name

Wendy Goodrich

Chief Operating Officer of Ruane, Cunniff & Goldfarb L.P.

Contact telephone number

+ 1 (212) 832 5280