Resolution of PJSC NCSP Board of Directors

Press-release

Resolutions of PJSC NCSP's Board of Directors

21 October 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports that on 19 October 2015 PJSC NCSP's Board of Directors approved that a transaction to sell 50 000 (fifty thousand) global depositary receipts (GDRs) certifying rights to ordinary shares of PJSC NCSP (75 shares per GDR) from PJSC NCSP to NPC Zarubezneft, a subsidiary of PJSC NCSP.

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 2013 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]