The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby announces the preparation of the transaction to acquire 100% of ownership (charter capital) in Primorsk Commercial Port LLC in the course of implementing its previously announced investment and development strategy to diversify and expand its business.

As a result of the transaction it is supposed that NCSP Group will integrate the largest port operator in crude oil handling in Russia. Combining the capacities of Novorossiysk and Primorsk ports will allow creating the largest stevedoring company in Russia.

The transaction to acquire 100% ownership of Primorsk Commercial Port LLC is conditional on the sale of the controlling stake in PJSC NCSP by its controlling beneficiary owners to the beneficiary owners of Primorsk Commercial Port LLC – the OAO Transneft and Investment Group Summa Capital.

The final documentation and terms of the transaction have not been agreed presently.

According to the applicable legislation this transaction is subject to approval by the Board of Directors and the General meeting of shareholders of PJSC NCSP. The acquisition of ownership (charter capital) in Primorsk Commercial Port LLC has to be approved by the Federal Antimonopoly Service (the FAS of Russia) and the Government Commission for Control of Foreign Investments in the Russian Federation, chaired by the Prime Minister of the Russian Federation. Respective documentation is being prepared by the management of PJSC NCSP and shall be submitted to the FAS of Russia and to the Board of Directors of PJSC NCSP.

The transaction to acquire the controlling stake in PJSC NCSP also has to be approved by the state regulators – the FAS of Russia and the Government Commission for Control of Foreign Investments in the Russian Federation. It is assumed that the transactions are to be implemented simultaneously.

DISCLAIMER

Due to their specific nature, forward-looking statements are associated with inherent risk and uncertainty, both general and specific, and there is the danger that assumptions, forecasts and other forward-looking statements will not actually come to pass. In light of these risks, uncertainties and assumptions, the Group cautions that, owing to the influence of a wide range of material factors, actual results may differ from those indicated, directly or indirectly, in the forward-looking statements, which are only valid as at the time of preparation of this release. NCSP Group neither affirms nor guarantees that the performance results set forth in the forward-looking statements will be achieved. The Group accepts no liability for losses which may be incurred by individuals or legal entities who act on the basis of the forward-looking statements. In each particular case, the forward-looking statements represent only one of many possible development scenarios, and should not be seen as the most probable. Except in those cases directly stipulated by applicable legislation and the Listing Rules of the UK Listing Authority, the Group assumes no obligation to publish updates and amendments to the forward-looking statements to reflect new information or subsequent events.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group’s consolidated cargo turnover in 2009 totaled 86.5 million tons. Consolidated revenue to IFRS in 2009 totaled $675.1 million and net profit $252.2 million. NCSP shares are traded on Russia’s RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares). NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.

For more information please contact:

Tel.: +7 (495) 783-5434; IR@nmtp.info