Annual Financial Report

 NCSP Group Released Annual Financial Report 2010

29 April 2011

Novorossiysk Commercial Sea Port Group (LSE: NCSP, MICEX: NMTP) today has published the Annual Financial Report for the year ended 31 December 2010 containing The Management report and Responsibility statements, and the Audited financial statements.

Full text of the Annual Financial Report for the year ended 31 December 2009 is available for downloading on the Group's corporate website in the Investor Relations section: http://nmtp.info/en/holding/investors/reporting/annual_reports/

Follow the link below to view the 2010 Annual FinanciaI Report;

http://www.rns-pdf.londonstockexchange.com/rns/7375F_-2011-4-29.pdf

The Audited consolidated financial statements of NCSP Group for the year ended 31 December 2010, in accordance with International Financial Reporting Standards (IFRS) were published via RNS on 20 April 2011.

Operational results of NCSP Group for the year ended 31 December 2010 were previously published via RNS on 31 January 2011.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3d operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares). NCSP Group consolidated cargo turnover in 2010 totaled 81.6 million tons (excluding Primorsk Trade Port); consolidated revenue to IFRS for 2010 totaled $635.3 million; 2010 net profit totaled $258.4 million. NCSP Group includes the following stevedore companies: PJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.

For more information please contact:

+7 (8617) 650 043; [email protected]