NCSP Appoints World Class Executives

Press-release

NCSP Appoints World Class Executives

31 March 2011

PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS & MICEX: NMTP) hereby announces that Rado Antolovic one of leading world experts in marine transportation has assumed the position of NCSP Group Vice-President for Marketing, Sales and Development.

Rado Antolovic will be responsible for increasing business efficiency and strategic development of NCSP Group, attracting new clients, optimization of cargo, development and implementation of new projects, and a comprehensive investment program management.

Rado Antolovic has been working in the port industry since 1976, and since 1997 he has developing and managing container terminals over 1 000 000 TEU in capacity. In 1997-2000 he served as Director General of Vostochny, Russia's first commercial container terminal, where he managed terminal development from scratch.

Later Rado Antolovic occupied top level positions at companies like MOL (Mitsui OSK Lines), APL (American President Line NOL), P&O Ports and CMA CGM. From 2005 he worked at DP World Group, one of the world's largest port operators, in 2005-2007 as CEO of Asia Container Terminal in Hong Kong; in 2007-2009 as MD of DP World Russia & CIS; and 2009-2010 as MD of CSCT Romania, the largest Black sea container terminal.

Rado Antolovic was born in 1959. In 1985 he graduated from the Edward Kordeli University in Ljubljana majoring in marine engineering. In 1991 he has received a bachelor's degree in transportation business from Sydney University, in 2008-2010 he completed MBA at the Macquarie university in Sydney, as well as TBM at the DP World institute.

Earlier this month Petr Maximov was appointed General Counsel and Vice President of NCSP Group. He will be responsible for strategic planning of Group's corporate relations, investment program implementation, and structuring corporate assets management model. Mr. Maximov specializes in corporate governance, international investment deals and M&A. He managed some of the largest acquisitions in Russia and abroad, and has published papers on corporate governance in a number or international law journals.

Since 2005 he served as Corporate Assets Director and Head of Legal Department at EastOne investment group (Interpipe), and sat on the Board of TNK-PB Ukraine and EastOne Group UK. In 2004-2005 he headed the Legal Department of COALCO AG investment company and sat on the board of MIkhailvosky GOK. Since 1995 till 2004 Mr. Maximov has had an extensive experience with leading international law firms like Milbank, Tweed, Hadley & McCloy, Coudert Brothers, Debevoise & Plimpton, and Squire, Sanders & Dempsey.

Petr Maximov graduated with honors from the law faculty the Moscow State University in 1999. In 2001 he received his LL.M degree from Columbia University Law School

About NCSP

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 2009 totaled 86.5 million tons (excluding Primorsk Trade Port), and consolidated revenue to IFRS for 9 months of 2010 totaled $499.4 million and net profit $233.0 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) 604 303; [email protected]; [email protected]