Board of Directors Resolutions

Resolutions of PJSC NCSP's Board of Directors

17 June 2016

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports resolutions on approval of related party agreements adopted by PJSC NCSP's Board of Directors in the meeting dated 15 June 2016:

1. Approve agreement for provision of transshipment services, transshipment equipment, personnel, and other services between OJSC NCSP Fleet as the principal and PJSC NCSP as the contractor.

2. Approve agreement for laundry services between OJSC NCSP Fleet as the principal and PJSC NCSP as the contractor.

3. Approve agreement for staff training services between JSC NLE as the principal and PJSC NCSP as the contractor.

4. Approve agreement for transshipment of exported fuel oil between OJSC IPP as the principal and PJSC NCSP as the contractor.

5. Approve agreement for transshipment of exported diesel fuel between OJSC IPP as the principal and PJSC NCSP as the contractor.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled USD 877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.

Contacts

Kristina Senko, Public Relations: [email protected]

Mikhail Shchur, Investor Relations: [email protected]