Resolutions of PJSC NCSP's Board of Directors

Resolutions of PJSC NCSP's Board of Directors

06 April 2016

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 subject to mandatory disclosure under Russian law.

Resolutions of the meeting dated 31 March 2016 on approval of related party agreements:

1. Approve addendum to agreement on fuel truck rental between PJSC NCSP as lessor and PJSC Novorossiysk Shipyard as lessee.

2. Approve agency agreement for engineering services between PJSC Novorossiysk Shipyard as principal and PJSC NCSP as agent.

3. Approve agreement for oil products and seawater quality testing between PJSC Novorossiysk Shipyard as principal and PJSC NCSP as contractor.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. 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 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled USD 877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.

Contacts

Kristina Senko, Public Relations: [email protected]

Mikhail Shchur, Investor Relations: [email protected]