NCSP Reports Staff Changes

NCSP Reports Staff Changes

29.11.2012

Novorossiysk Commercial Sea Port Group ("NCSP Group" or the "Group") (LSE: NCSP, Moscow Exchange: NMTP) reports that its Deputy CEO for Finance and Economy Anton Vishanenko has left the Group.

NCSP Group CEO Rado Antolovic said: "We are grateful to Anton for his professional work as part of the NCSP team, and wish him success in his next career moves."

The Group's finance and economy block will be overseen by the NSCP CEO Rado Antolovic until the Board of Directors appoints a new Deputy CEO for Finance and Economy.

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 "NCSP Fleet", OJSC "NLE", OJSC "IPP", CJSC "Baltic Stevedore Company" and CJSC "SFP".