PJSC NCSP 2014 AGM Results

Press release

PJSC NCSP AGM Results

30June 2014

NCSP Group (LSE: NSCP; Moscow Exchange: NMTP) announces the results of PJSC NCSP's Annual General Meeting of Shareholders held on 27 June 2014.

The following decisions were made on the AGM agenda items:

· to approve PJSC NCSP's Annual Report (unconsolidated);

· to approve PJSC NCSP's annual financial accounts (unconsolidated according to RAS);

· to distribute PJSC NCSP's net profit (unconsolidated according to RAS) for 2013of RUB 2,619,680,000  as follows:

o to allocate RUB 449,986,327 for payment of dividends;

o to leave the remaining portion of the nonconsolidated profit in the amountof RUB 2,169,693,673 at the disposal of PJSC NCSP;

· to pay dividends for 2013 in cash at the rate of RUB 0.23264 per share;

· to establish the date for registering shareholders, eligible to receive the dividends for 2013, as 09 July 2014;

· to elect the following members of the Board of Directors (supervisory board);

o Mikhail Barkov,

o Alexander Vinokurov,

o Maxim Grishanin,

o Sergey Kireev,

o Vitaliy Sergeychuk,

o Marat Shaydaev;

Viktor Olerskiy, the seventh member of the Board, is appointed by the Government of the Russian Federation as the State's representative on the Board of Directors under the "golden share" rule;

· to elect the following members of the Audit Commission of PJSC NCSP

o Ekaterina Vlasova,

o Tatiana Nesmeyanova,

o Margarita Russkikh,

o Irina Timofeeva;

Veronica Makeeva, the fifth member of the Audit Commission, is appointed by the Government of the Russian Federation as the State's representative to the Audit Commission;

· to approve Deloitte & Touche CIS as PJSC NCSP's auditor for 2014;

· to approve changes and amendments to the charter of PJSC NCSP;

· to approve the new Regulations of the Annual General Meeting of PJSC NCSP;

· to approve payment of remuneration to members of the Board of Directors and Audit Commission, with the exception of those who hold positions in civil service, of RUB 40,000 for members of the Board of Directors and RUB 12,000 for members of the Audit Commission.

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). NCSP Group cargo turnover in 2013 totalled 141 million tonnes. Consolidated revenue to IFRS in 2012 totalled USD 928 million and EBITDA was USD 510 million. 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.

Contacts

Kristina Senko, Public Relations; [email protected]

Mikhail Shchur, Investor Relations; [email protected]