1st May 2008 09:06
PJSC Novorossiysk Comm. Sea Port01 May 2008 Press-release Novorossiysk Commercial Sea Port enhances its presence in the northwestern region of Russia May 1st, 2008 Novorossiysk Commercial Sea Port (LSE: NCSP, RTS: NMTP, MICEX: NMTP) (NCSP)today announces the signing of the agreement for rights to purchase of 50% stockof CJSC "Lomonosovsky Cargo Terminal". NCSP NCSP operates primarily at the Port of Novorossiysk (the "Port"), amulti-purpose, yearround, deep-water port located on the Russian shore of theBlack Sea which has geographic, topographic and infrastructure advantages incomparison to ports and potential port sites in the Black Sea-Azov basin. ThePort is Russia's largest sea port in terms of cargo turnover volume according tothe Association of Russian Sea Ports, and Europe's fifth largest commercial seaport by cargo volume in 2005, according to Global Insight/ISL. NCSP is a key Southern gateway for the import and export of a wide range ofcargoes to and from the Russian economy (including oil, oil products, timber,grain, fertilizers, ferrous metals, containers, automobiles and general cargo).NCSP handles approximately 20% by volume of cargoes shipped through Russian seaports according to the Association of Russian Sea Ports. During 2006, NCSP consolidated its shareholdings in the majority of otheroperators and stevedores in the Port. For further information: IR DirectorAnton Frolov Tel.: + 7 (495) 783-5434 [email protected] PR DirectorMaria Kakturskaya Tel.: + 7 (495) [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pjsc Novor. S