Apprvl for up to 25% Ord. Shrs to Trade Abroad

Press release

NCSP Receives Approval for up to 25% of Ordinary Shares to Trade Outside of Russia

01.11.2012

PJSC Novorossiysk Commercial Sea Port Group ("NCSP" or the "Company") (LSE: NCSP, Moscow Exchange: NMTP) announces that the Russian Federal Financial Markets Service (FFMS) has approved the organisation of trading outside of Russia of up to 905,211,324 of the Company's ordinary shares (state registration number 1-01-30251-E from 04.06.2003).

This approval increases the total number of NCSP's ordinary shares that can be traded outside of Russia from 20.3% to 25% of the Company's share capital.

About NCSP Group

NCSP Group is the largest Russian port operator in terms of cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of PJSC "NCSP" belong to Novoport Holding Ltd, the beneficial owners of which are OJSC "Transneft" and Summa Group. NCSP Group cargo turnover in 2011 totalled 157 million tonnes. Consolidated revenue according to IFRS in 2011 totalled $1,050 million and EBITDA was $550 million. NCSP Group combines the following stevedoring and other companies: OJSC "Novorossiysk Commercial Sea Port", LLC "Primorsk Oil Terminal" (since 2011), PJSC "Novorossiysk Grain Terminal", OJSC "Novorossiysk Ship Repair Yard", OJSC "NCSP Fleet", OJSC "NLE", OJSC "IPP", CJSC Baltic Stevedore Company, CJSC "SFP" and LLC NFT (joint venture).

Contact Information:

Public relations:[email protected]

Investor relations: [email protected]