NCSP Board of Directors Decisions

Press release

NCSP Board of Directors Decisions

04.03.2013

Novorossiysk Commercial Sea Port Group ("NCSP Group" or "the Group") (LSE: NCSP, Moscow Exchange: NMTP) hereby reports the following related party transactions approved by the Board of Directors of PJSC Novorossiysk Commercial Sea Port (PJSC NCSP) on 25 February 2013:

·; Changes to material terms of lending agreements between PJSC NCSP and LLC Novorossiysk Fuel Oil Terminal;

·; Conclusion of an addendum to the staff training contract between PJSC NCSP and OJSC Novorossiysk Shipyard;

·; Agreements between PJSC NCSP and PJSC Fleet NCSP:

o For the supply of diesel fuel;

o For provision of mooring space for vessels;

o For rent of buildings;

o For rent of land;

o For services relating to the transportation to temporary storage facilities, storage and decontamination / disposal of bilge water, waste water and other special shipboard waste;

o For services relating to collection and removal of floating waste and oil/oil products, and for services to provide a dedicated fleet to undertake continuous monitoring and collection of oil products from the port's aquatorium;

o For tugboat and passenger boat services;

o For services related to laboratory testing of oil products.

·; A service contract for organisation and execution of procurement tenders for goods, works and service between LLC Primorsk Trade Port and PJSC NCSP, the latter acting as the organizer.

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). 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 totalled $1,050 million and EBITDA was $550 million, in 2011. 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 "Fleet NCSP", OJSC "NLE", OJSC "IPP", CJSC "Baltic Stevedore Company" and CJSC "SFP".

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