2014 AGM Agenda and Board Candidates Approved

Press release

NCSP Board Approves AGM Agenda

05 February 2014

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that its Board of Directors on 4 February 2014 approved the agenda of the 2014 Annual General Meeting of shareholders, and candidates to the Board of Directors and the Audit Commission.

The agenda of Annual General Meeting of shareholders includes the following items:

1. Approval of the annual report;

2. Approval of the annual financial accounts;

3. Approval of the distribution of 2013 profits;

4. Approval of the amount, timing and form of payment of 2013 dividends;

5. Election of the Board of Directors;

6. Election of the Audit Commission;

7. Approval of the auditor.

The Board approved the following candidates to the Board of Directors.

Proposed by the Russian for State Property Management on behalf of the Russian Federation:

· Alexander Tikhonov, Department Director at Ministry of Transportation of Russia;

· Vitaly Sergeychuk, Deputy Division Director at the Russian Agency for State Property Management.

Proposed by Novoport Holding Limited:

· Igor Kamenskoy, Chairman of Renaissance Capital;

· Mikhail Barkov, Vice President of Transneft;

· Alexander Vinokurov, President of Summa Group;

· Maksim Grishanin, Fist Vice President of Transneft;

· Sergey Kireev, General Director of ZAO Transneft-Service

· Marat Shaydaev, member of the Board of Directors at Summa Group.

The Board of Directors of PJSC NCSP consists of seven seats. Six Directors are elected at AGM, and the seventh Director is appointed by the Government of Russia as state's representative on the Board under the golden share rule. Since 2011 this post is held by Viktor Olerskiy, Deputy Minister of Transportation.

The Board approved the following candidates to the Audit Commission:

Proposed by the Russian Agency for State Property Management: Evgeniy Stolyarov; Aleksei Mitioglo.

Proposed by Novoport Holding Limited: Ekaterina Vlasova; Tatiana Nesmeyanova; Margarita Russkikh; Irina Timofeeva.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on the Moscow Exchange (NMTP) and on the London Stock Exchange as GDRs (NCSP). NCSP Group cargo turnover in 2012 totalled 159 million tonnes. Consolidated revenue according to IFRS in 2012 totalled $1,034 mln, EBITDA was $591.5 mln. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC "Baltic Stevedore Company", and CJSC "SFP".

Contacts

Kristina Senko, Public Relations; [email protected]

Mikhail Shchur, Investor Relations; [email protected]