NCSP Quits RTS Quotation

Press-release

NCSP Quits RTS Quotation

28.04.2011

PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, MICEX: NMTP) hereby announces that PJSC NCSP ordinary shares (ISIN code RU0009084446) will be removed from the RTS Stock Exchange «B Level» quotation list starting from 30 April 2011, and transferred to the category of «unlisted» securities admitted to trading without undergoing listing procedure.

PJSC NCSP on its own initiative requested the shares to be removed from the «B Level» quotation list, and such request was granted by Acting Chairman of RTS Executive Board by resolution №83 dated 26 April 2011.

Commenting on this event, General Counsel and Vice President of NCSP Petr Maximov said: «In light of anticipated merger of the two Russian exchanges - RTS and MICEX - our decision to concentrate trading in NCSP shares on MICEX, which historically showed better liquidity, is absolutely foreseeable».

About NCSP Group

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 2010 totaled 81.6 million tons (excluding Primorsk Trade Port); consolidated revenue to IFRS for 2010 totaled $635.3 million; 2010 net profit totaled $258.4 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) 650 043; senko@ncsp-net.com