OREANDA-NEWS. Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) announces that PJSC NCSP’s Board of Directors elected Maxim Grishanin, First Vice President of Transneft, as its Chairman at a meeting on 12 July 2013. A short bio of Maxim Grishanin is provided at the end of this release.

The Board also approved several related party transactions at its 12 July 2013 meeting:

• Service agreement for the analysis of oil products between PJSC NCSP and PJSC Novorossiysk Ship Repair Yard;

• Rental agreement for non-residential property between PJSC NCSP and PJSC Novorossiysk Ship Repair Yard;

• Service agreement for the training of employees on industrial safety between PJSC NCSP and PJSC Novorossiysk Ship Repair Yard;

• Supply agreement for steel bailing band between PJSC NCSP and PJSC Novorossiysk Ship Repair Yard;

• Rental agreement for non-residential property between PJSC NCSP and PJSC NLE;

• Agreement to terminate a contract for rental of unmanned ships (bareboat charter) between PJSC NCSP and PJSC NCSP Fleet;

• Agreement for rental of unmanned ships (bareboat charter) between PJSC NCSP and CJSC Importpisheprom-Transservice;

• Additional agreements for extension of existing loan agreements between PJSC NCSP and LLC Baltic Stevedore Company;

• Loan agreement between PJSC NLE and PJSC NCSP;

• Revolving credit line agreement for RUB 2,000 ,000,000 between PJSC NCSP and PJSC Novorossiysk Grain Terminal;

• Revolving credit line agreement for RUB 2,000,000,000 between PJSC NCSP and PJSC IPP;

• Revolving credit line agreement for RUB 2,044,000,000 between PJSC NCSP and PJSC NCSP Fleet;

• Revolving credit line agreement for RUB 2,044,000,000 between PJSC NCSP and LLC PTP;

• Revolving credit line agreement for RUB 2,000,000,000 between PJSC NCSP and CJSC SoyuzFlot Port;

• Revolving credit line agreement for RUB 802,000,000 between PJSC NCSP and LLC Baltic Stevedoring Company;

• Revolving credit line agreement for RUB 927,000,000 between PJSC NCSP and PJSC Novorossiysk Grain Terminal;

• Revolving credit line agreement for RUB 542,000,000 between PJSC NCSP and CJSC SoyuzFlot Port;

• Revolving credit line agreement for RUB 914,000,000 between PJSC NCSP and PJSC IPP;

• Revolving credit line agreement for RUB 2,000,000,000 between PJSC NCSP and LLC PTP;

• Revolving credit line agreement for RUB 2,044,000,000 between PJSC NCSP and PJSC NCSP Fleet.