Shares

PJSC NCSP's charter capital is 192,598,154 rubles, divided into 19,259,815,400 shares with par value of 0.01 rubles. PJSC NCSP's largest shareholders as of December 31, 2011 were Novoport Holding Ltd. with 50.1% and the Federal State Property Management Agency (Rosimuschestvo) with 20%.

The other 29.9% of shares are held by minority shareholders, including companies that are associated with OJSC Russian Railways (RZD), and free float, including shares held nominally by JP Morgan Bank International as administrator of the company's Global Depositary Receipts (GDR) program. GDRs accounted for 15.65% of PJSC NCSP outstanding shares as of the end of 2011.

PJSC NCSP shareholders, at an extraordinary meeting in December 2010, approved acquisition of 100% of LLC Primorsk Trade Port. The company offered to buy back shares from shareholders who abstained from voting or voted against the acquisition. In the period from February 24 to March 1, 2011, PJSC NCSP bought back 516,686,496 of its own shares from such shareholders at a price of 4.90 rubles per share for a total of 2,531,763,000 rubles.

In 2011, the Russian Federation exercised its right of a golden share in regard to PJSC NCSP (the corresponding amendments to the company Charter were registered with the Federal State Property Management Agency in Krasnodar Territory on April 28, 2011), which confirms the company's strategic importance for the country.

The Russian government has been reported to plan to sell its stake in PJSC NCSP. It is expected that if the government stake is sold, the right to a golden share will remain.

At the beginning of 2012, PJSC NCSP completed the conversion of 2.68% of treasury shares into GDR. The conversion was carried out within the context of the GDR program on the basis of a decision made by the PJSC NCSP Board of Directors on February 17, 2012.

Global Depositary Receipts

PJSC NCSP executed the initial public offering (IPO) in November 2007 on the London Stock Exchange and Russia's RTS. The company placed 19.38% of its shares in the course of the IPO, including 14% as GDR on the London Stock Exchange (LSE: NCSP) and more than 5% as common stock on the RTS.