NCSP Board Approves New Candidates

Press-release

NCSP Board Approves New Candidates

20.07.2015

NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that PJSC NCSP's Board of Directors held a meeting on 17 July 2015 and approved the following decisions related to the extraordinary General meeting of shareholders to be held on 12 August 2015.

To accept the nomination of candidates proposed by the shareholders of PJSC NCSP and to include the following candidates on the voting bulletin for electing the Board of Directors.

Candidates proposed by the Federal Agency for State Property Management on behalf of the Russian Federation:

· Vitaly Sergeychuk, Deputy Division Director at the Russian Agency for State Property Management;

· Alexand Tikhonov, Director of Property Relations and Territorial Planning Department at the Russian Ministry of Transportation.

Candidates proposed by Novoport Holding Limited:

· Maksim Grishanin, First Vice President of Transneft;

· Sergey Andronov, Vice President of Transneft;

· Sergey Kireev, General Director of ZAO Transneft-Service;

· Vladimir Kayshev, President of Summa Group;

· Marat Shaydaev, Director at FESCO and United Grain Company;

· Dmitriy Shokhin, Vice President for Legal Issues at Summa Group;

Candidates proposed by Transneft Service Ltd.:

· Sergey Khodyrev, Deputy Vice President of Transneft.

To approve form and wording of the voting bulletins for the extraordinary General meeting of shareholders.

The Board of Directors of PJSC NCSP consists of seven seats. Six Directors are elected at AGM, and the seventh Director is appointed by the Government of Russia as state's representative on the Board under the golden share rule. Since 2011 this post is held by Viktor Olerskiy, Deputy Minister of Transportation.

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 2014 totalled USD 956 million and EBITDA was USD 569 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]