Trading Statement

Press-release

Rado Antolovic: "Despite the harsh weather in Novorossiysk NCSP Group's turnover in January rose by 6.9% over the same period of the last year"

10.02.2012

NCSP Group (LSE: NCSP, MICEX: NMTP) reports that total cargo turnover in January 2012 amounted to 13.8 mln tons which represents an increase of 0.9 million tons versus the same period of 2011.

Deputy CEO for marketing and sales of PJSC NCSP Rado Antolovic commented:

"The January results were significantly influenced by weather conditions in Novorossiysk. There were eight storm warnings with total duration of more than 12 days during this month. The last time similar weather conditions were observed in December 1997.

However, despite the unfavorable weather, the NCSP Group management team was able to achieve growth in cargo turnover of 6.9% versus the same period of the last year'

NCSP Group will release January 2012 detailed operational results on 13th of February 2012.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP).

50.1% shares of PJSC "NCSP" belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC "Transneft" and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $404 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.

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