Lenta is one of the largest retail chains in Russia and the country's largest hypermarket chain. The company was founded in 1993 in St. Petersburg. Lenta operates 250 hypermarkets in 88 cities across Russia and 131 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of 1,493,663 sq.m. of selling space. The average Lenta hypermarket store has selling space of 5,500 sq m. The average Lenta supermarket store has selling space of approximately 800 sq.m. The Company operates twelve distribution centres. The company's stores base themselves on price-led hypermarkets and supermarket scheme. Lenta has more than 14.4 million active loyalty cardholders and approximately 96% of all sales in Lenta stores are tied to our loyalty card. The Company employed approximately 50,509 people as of 30 June 2019. The company's management team has a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders are Severgroup which is committed to maintaining high standards of corporate governance and responsibility. Global Depository Receipts (GDRs) of Lenta Ltd. are listed on the London Stock Exchange and on the Moscow Exchange. At Lenta we: • offer quality products at best prices to over 13 million customers • adapt our hypermarket format tosuit local communities and locations • fully integrate our supply chain and IT platform to allow efficiency and growth • are pursuing an accelerated plan for new store openings • benefit from the rapid growth in the Russian economy • exert financial control and management discipline to reduce risk