PJSC NCSP Board Resolutions: Interim CEO Appointed, Notice of EGM and Record Date

 PJSC NCSP Board Resolutions:

Interim CEO Appointed, Notice of EGM and Record Date

16November 2017

NCSP Group(LSE: NSCP; MICEX: NMTP) hereby announces that in a meeting dated 15 November 2017PJSC NCSP's Board of Directors approved the following resolutions.

To suspend the powers of Sultan Batov as General Director of PJSC NCSP
as of 15 November 2017.

To appoint Sergey Kireev as interim General Director of PJSC NCSP
as of 16 November 2017 until permanent General Director is elected by the General meeting of PJSC NCSP shareholders.

To convenean Extraordinary General Meeting of PJSC NCSP shareholders in the form of absentee voting on 25 December 2017.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2016. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2016 totaled 147 million tons. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, JSC SFP.

Contacts

Kristina Senko, Public Relations: KSenko@ncsp.com

Mikhail Shchur, Investor Relations: MShchur@ncsp.com