Regulatory Ruling Issued Regarding NCSP and NGT

Press-release

Regulatory Ruling Issued Regarding NCSP and NGT

23.03.2010

The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports the issue of an official resolution and a directive by the Federal Antimonopoly Service (FAS of Russia) regarding the case on indications of antimonopoly regulation breaches by Novorossiysk Commercial Sea Port (PJSC NCSP) and Novorossiysk Grain Terminal (PJSC NGT).

As stated in the resolution dated 19 March, 2010 the commission of FAS of Russia ruled «to terminate the case regarding PJSC NCSP as no breaches of antimonopoly regulation were found in its activity».

With regard to PJSC NGT the commission issued a directive to implement actions aimed at protection of competition.

PJSC NGT will appeal against the ruling and the directive of FAS of Russia in accordance with the established procedure.

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 for the 9 months of 2009 totaled $508.238 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