NCSP Reports on 2009 Dividend Payments

Press-release

NCSP Reports on 2009 Dividend Payments

11.01.2011

PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS AND MICEX: NMTP) hereby reports the results of 2009 dividend payments.

According to NCSP's AGM decision dated June 4, 2010 the company has allocated 2 407 476 925 rubles for dividend payments at the rate of 0.125 ruble per ordinary share. By 31 December 2010 NCSP has paid out 2 400 336 002 rubles or 99.7% of the total amount of dividends declared.

Dividends to legal entities and physical persons were paid by bank transfers or money orders according to account details or address provided, as well as in cash at NCSP cash office. Shareholders who are NCSP employees received their dividends at the time of salary payments.

As of 31 December 2010 remaining dividends in the amount of 7 140 923 rubles were not paid only to those shareholder, who submitted incomplete, incorrect, or outdated banking details or postal address for payment by bank transfer or money order, or failed to claim them at NCSP cash office. Dividends to those shareholders will be paid in due course when they claim them at NCSP cash office or provide valid banking details or postal address.

About NCSP

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