Notice of AGM

12 May 2014

Lenta Ltd. (the "Company")

Distribution by the Company of notice of its 2014 Annual General Meeting (together with the proxy form relating thereto, the "AGM Notice")

The Company announces that the AGM Notice has today been dispatched to shareholders. The Annual General Meeting will be held at 10 a.m. Moscow time on Wednesday 4 June 2014 at Lenta LLC's headquarters at 112 Savushkina Street, Saint Petersburg 197374, Russia.

Holders of Global Depositary Receipts ("GDRs") can instruct Deutsche Bank Luxembourg S.A. (as Depository) as to the voting of the ordinary shares in the Company represented by such GDRs using the forms provided by the Depositary separately, and in accordance with the requirements and schedule established by it. Further details are available at www.adr.db.com.

The AGM Notice, along with the Company's annual report and 2013 consolidated financial statements, can be viewed on the Company's website at www.lentainvestor.com. In accordance with Listing Rule 14.3.6, electronic copies of these documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

For further information, please contact:

Mr. Albert AvetikovDirector for Investor Relations112 Savushkina StreetSaint PetersburgRussia 197374

Telephone: +7 812 363 28 44