Resolutions of PJSC NCSP's Board of Directors

Resolutions of PJSC NCSP's Board of Directors

05 May 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 28 April 2016 on approval of related party agreements and corporate regulations:

1. Approve new edition of the Regulations of HR and Remuneration Committee of PJSC Board of Directors.

2. Approve equipment lease agreement between Rosmoragent Ltd as lessor and PJSC NCSP as lessee, and FESCO Integrated Transport Ltd as principal.

3. Approve agreement for expediting and transshipment of exported pipes in bundles between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

4. Approve agreement for expediting and transshipment of imported alumina in bulk between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

5. Approve agreement for expediting and transshipment of exported metal products between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

6. Approve agreement for expediting and transshipment of exported chemical cargo (fertilizers) in bulk between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

7. Approve agreement for expediting and transshipment of exported non-ferrous metals (copper) between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

8. Approve agreement for expediting and transshipment of exported non-ferrous metals (aluminum) between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

9. Approve agreement for expediting and transshipment of imported manganese in bulk between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

10. Approve agreement for expediting and transshipment of exported machinery and parts between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

11. Approve agreement for expediting and transshipment of imported machinery and parts between FESCO Integrated Transport Ltd as principal and PJSC NCSP and contractor.

12. Approve addendum №7 eliminating the take-or-pay clause of agreement №602-9985G on transshipment of light oil products between PJSC NCSP as contractor and JSC Transneft-Service as principal, and to extend this amendment to contractual obligations dating from 01.11.2014.

Resolutions of the meeting dated 08 April 2016 on approval of related party agreements:

13. Approve property sub-lease agreement between PJSC FESCO as lessor and PJSC NCSP Moscow office as lessee.

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]