Moody's Upgrades NCSP Ba3 Rating Outlook to Stable

Press-release

Moody's Upgrades Outlook to «Stable» and Affirms PJSC NCSP Rating at Ba3

08.12.2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports that Moody's rating agency has changed to «stable» from «negative» the outlook on PJSC NCSP's corporate family rating and affirmed the rating at Ba3 level, according to Moody's release dated 7 December 2015.

The outlook on PJSC NCSP's rating and rating of other Russian utility and infrastructure companies, and government related issuers was upgraded following Moody's change of outlook Russia's government Ba1/NP bond rating to stable from negative on 3 December 2015, according to Moody's statement.

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 Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 million. NCSP Group consolidates the following companies: 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]