Resolution of PJSC NCSP Board of Directors

Press-release

Resolutions of PJSC NCSP's Board of Directors

13 November 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports resolutions approved by PJSC NCSP's Board of Directors in a meeting dated 9 November 2015, as stated in the minutes of the meeting dated 12 November 2015.

To approve a number related party transactions:

- Oil products supply agreement between PJSC NCSP and PJSC Fleet of NCSP;

- Agency agreement between PJSC NCSP and PJSC Novorossiysk Shipyard on conducting a tender for engineering and design services for NCSP Group's Uniform Development Plan.

To approve a new edition of PJSC NCSP's Regulations on Insider Information.

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 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 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]