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02.10.2014 Resolutions of PJSC NCSP’s Board of Directors

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports certain resolutions adopted by PJSC NCSP’s Board of Directors on 01 October 2014.


The Board has voted to include the recently pointed CEO Sultan Batov on the company’s Executive Board, and to exclude from the board former CEO Yuriy Matvienko, Alexander Ryzhkov, and Alexey Knyazev.


PJSC NCSP’s Executive Board now consists of four members, including:

Sultan Batov, General Director & CEO;

Igor Terentyev, Executive Director;

Eduard Borovok, Legal Director;

German Kachan, Chief Accountant.


Among other resolutions the Board of PJSC NCSP approver few interested party transactions between Group’s companies.


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 2012 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

 

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