Resolutions of PJSC NCSP's Board of Directors

Press-release

Resolutions of PJSC NCSP's Board of Directors

20 January 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports that a number of related-party transactions were approved by PJSC NCSP's Board of Directors on 15 January 2015.

Transactions between PJSC NCSP and NFT Ltd

- Addendum to agreement on oil products loading onto tankers for coastal shipping;

- Ship loading services agreement.

Transactions between PJSC NCSP and PJSC Fleet of NCSP

- Environmental services agreement;

- Harbor patrolling and waste collection services agreement;

- Termination of a bareboat charter agreement;

- Towing services and passenger boats services agreement.

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 2013 totalled 141 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]