Pjsc Novor. S Regulatory News (NCSP)

Press-release

NCSP Group cargo turnover in May 2011 amounted to 13 575 thousand tons

14.06.2011

Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS & MICEX: NMTP) reports consolidated operating results for May 2011.

To ensure comparability with previous periods the cargo statistics have been adjusted for the volumes handled by Primorsk Trade Port Ltd., which was acquired by NCSP Group in January 2011.

Taking into account this adjustment, NCSP Group recorded turnover growth in the following cargo categories:

·; iron ore and ore concentrate - by 130.5 thousand tons (119.9%);

·; oil products - by 370.2 thousand tons (36.6%);

·; mineral fertilizers - by 70.9 thousand tons (36.2%);

·; containers - by 80.2 thousand tons (23.9%);

·; sugar - by 46.5 thousand tons (17.1%).

We note that the Group's container traffic in TEU terms in May 2011 increased by 48.1% versus the same period last year and totaled 59.0 thousand TEU. This includes growth of the container handling at OJSC NLE, OJSC NCSP and PJSC BSC terminals by 76%, 43% and 22% respectively.

NCSP Group's total cargo turnover in the reporting period amounted to 13 575.4 thousand tons which represents a 0.2% decrease versus April 2011 and a 2.4% decrease versus May 2010.

Bulk cargo volumes in the reporting period declined by 504.7 thousand tons or -37.7% versus the same period last year, due to the grain export ban.

However contraction of grain handling volumes of 761.4 thousand tons was partially compensated by growing volumes of iron ore and ore concentrate, sugar, cement and mineral fertilizers.

Liquid cargo volumes in May 2011 totaled 11 387.4 thousand tons. Crude oil volumes in the reporting period totaled 9 944.9 thousand tons, which is 2.6% below the volumes of the same period last year. To the contrary, as stated above, handling of oil products increased by 36.6% versus April 2010.

General cargo traffic in May 2011 totaled 929.7 thousand tons, representing a 7.8 thousand ton, or a -0,8% reduction versus the month of May last year.

NCSP Group Cargo Turnover in May 2011 (thousand tons)* 

\* Taking into account PTP's 2010 volumes

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 RTS and MICEX exchanges (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). NCSP Group consolidated cargo turnover in 2010 totaled 81.6 million tons (excluding Primorsk Trade Port), and consolidated revenue to IFRS for 2010 totaled $635.3 million and net profit of $258.0 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.

For more information please contact:

andrei.bubnov@nmtp.info; senko@ncsp-net.com