Pjsc Novor. S Regulatory News (NCSP)

Press release

NCSP Board Approves 2016 AGM Agenda

05 February 2016

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that PJSC NCSP's Board of Directors on 4 February 2016 approved the agenda of 2016 Annual General Meeting of shareholders, and candidates to the Board of Directors and the Audit Commission, by passing the following resolutions.

1. To approve the agenda of the 2016 Annual General Meeting of shareholders, as proposed by the Federal Agency for State Property Management on behalf of the Russian Federation, as follows:

1.1. Approval of the 2015 annual report;

1.2. Approval of the 2015 annual financial accounts;

1.3. Approval of the distribution of profits for 2015;

1.4. Approval of the amount, time and form of payment of dividends for 2015, and of the dividend record date;

1.5. Approval of remuneration to Directors, except those in government service;

1.6. Approval of remuneration to members of the Audit Commission, except those in government service;

1.7. Election of the Board of Directors;

1.8. Election of the Audit Commission;

1.9. Approval of the auditor.

2. To approve the following candidates to the Board of Directors.

2.1 As proposed by the Federal Agency for State Property Management on behalf of the Russian Federation:

2.1.1. Vitaly Sergeychuk, Deputy Division Director at the Russian Agency for State Property Management.

2.2. As proposed by Novoport Holding Limited:

2.2.1. Vladimir Kayashev, President of Summa Group.

2.2.2. Alexander Potapushin, Director at Novorossiysk Grain Plant;

2.2.3. Marat Shaydaev, Director at FESCO and United Grain Company;

2.2.4. Mikhail Barkov, Vice President of Transneft;

2.2.5. Maksim Grishanin, First Vice President of Transneft.

2.3. As proposed by Transfingroup management company:

2.3.1. Baryrkhanov Arsen, Deputy Director General for private equity at Transgingroup, Director at TGK-14 and Blagosostoyanie insurance.

2.4. As proposed by Transneft Service LLC:

2.4.1. Sergey Kireev, General Director at Transneft Service JSC.

PJSC NCSP's Board of Directors of consists of seven seats. Six Directors are elected, and the seventh Director is appointed by the Government of the Russian Federation under the golden share rule. Currently this seat is held by Igor Levitin, Aide to the President of the Russian Federation.

3. To approve the following candidates to the Audit Commission:

3.1. As proposed by the Russian Agency for State Property Management:

3.1.1. Valeria Andrusenko;

3.1.2. Zakharyi Dzhioev.

3.2. As proposed by Novoport Holding Limited:

3.2.1. Ekaterina Vlasova;

3.2.2. Tatiana Nesmeyanova;

3.2.3. Margarita Russkikh;

3.2.3. Irina Timofeeva.

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: KSenko@ncsp.com

Mikhail Shchur, Investor Relations: MShchur@ncsp.com