NCSP Repaid $118 million Syndicated Loan Facility

NCSP Group Repaid $118 million Syndicated Loan Facility

19.07.2010

The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports the repayment of a $118 million syndicated loan facility provided by UniCredit Bank Austria AG (formerly Bank Austria Creditanstalt AG) and ZAO UniCrebit Bank (formerly ZAO International Moscow Bank) as mandated lead arrangers.

The $118 million syndicated loan was repaid in full by a single payment as stipulated in the loan facility agreement.

NCSP Group made a successful debut on the international loan syndication market by raising this facility in July 2007. The funds were attracted for a term of three years as a blank facility on best available market terms.

According to management accounts once the loan was repaid NCSP Group total debt reduced to $324 million, including the $300 million Eurobond issue due in May 2012.

Commenting on this event NCSP Chairman of the Board Alexander A. Ponomarenko: «Fulfilling our obligations to lenders in full and in due time strengthens NCSP Group's image as first-class borrower with a financially stable business which enables us to hope for best market terms when attracting financing in the future».

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group's consolidated cargo turnover in 2009 totaled 86.5 million tons. Consolidated revenue to IFRS in 2009 totaled $675.1 million and net profit $252.2 million.

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 includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.

For more information please contact:

Tel.: +7 (495) 783-5434; IR@nmtp.info