| 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. |
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| 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 |
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| 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% | |
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| 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. |
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| Additional Information |
| n/a |
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| Contact name | Wendy Goodrich Chief Operating Officer of Ruane, Cunniff & Goldfarb L.P. |
| Contact telephone number | + 1 (212) 832 5280 |
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