PJSC Novorossiysk Commercial Sea Port: Results of EGM: new composition of Board of Directors

Results of EGM: new composition of Board of Directors

April 13, 2018

NCSP Group (LSE: NSCP; MICEX: NMTP) hereby announces that the Extraordinary General meeting of shareholders approved the following decisions on a meeting dated 13 April 2018:

1) To prematurely suspend the powers of the Board of Directors of PJSC NCSP elected by the annual General meeting of shareholders as of 18 May 2017.

2) To appoint the following persons to the Board of Directors of PJSC NCSP:

Sergey Andronov

Maxim Grishanin

Sergey Kireev

Dmitriy Pristanskov

Alexander Tikhonov

Rashid Sharipov

NCSP Group is the largest port operator in Russia by cargo turnover. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2017 totaled 143 million tons. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC, and JSC SFP.

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