History

The Company inherited the rights and obligations of the restructured state enterprise Novorossiysk Commercial Sea Port, which was originally founded in 1845, as of the date of its government registration.

The Company is a commercial organization that operates in accordance with the Civil Code of the Russian Federation, Russian Federal Law No. 208-FZ of December 26, 1995 on Joint-stock Companies (with subsequent amendments and additions), other regulations of the Russian Federation and the Charter. The goal of the Company is to earn a profit.

In 2016, OJSC NCSP acquired the assets of stevedoring and service companies operating at the Novorossiysk seaport, resulting in the formation of the Group, which included OJSC Novorossiysk Commercial Sea Port, OJSC NCSP Fleet, OJSC Novoroslesexport (NLE), OJSC Novorossiysk Ship Repair Yard (NSRZ), OJSC IPP
and OJSC Novorossiysk Grain Terminal (NGT).

In 2007, OJSC NCSP became the sole owner of Novorossiysk Port Complex Zarubezhneft (NPK Zarubezhneft), which was renamed
NCSP Resource on January 22, 2019.

In 2007, the Company’s shares were included in the list of securities admitted for trading on the securities market by OJSC Russian Trading System Stock Exchange and CJSC MICEX Stock Exchange, and the Federal Financial Markets Service of Russia allowed Global Depositary Receipts (GDR) on OJSC NCSP shares in the amount of 3,909,742,526 (20.3%) to be traded outside of the Russian Federation.

In 2008, OJSC NCSP became the sole owner of Baltic Stevedoring Company LLC (BSC), and in 2009 it became one of the founders of Novorossiysk Fuel Terminal LLC (NMT), in which it owns 50% of equity.

In 2011, OJSC NCSP became the sole owner of Primorsk Trade Port LLC (PTP).

In 2016, PJSC NCSP acquired 1,885,175 common shares in NSRZ.

In 2017, PJSC NCSP acquired 62,629 common shares and 112,216 preferred shares in NSRZ in a mandatory offer, increasing its ownership interest to 99.21% of common shares and 95.41% of preferred shares.

The consolidation of assets strengthened NCSP Group’s position on the market, increased its market capitalization and, most importantly, made it possible to build a centralized system of management, minimize operating costs and specialize the operations of stevedoring businesses.

In 2017, PJSC NCSP became the sole owner of CJSC Importpischeprom-Transservis.

In 2017, the Board of Directors made a decision on the Company’s participation in another organization through the creation of subsidiary NCSP Capital LLC, with an equity interest of 100%.

In 2018, PJSC Transneft (Moscow, Russian Federation; Taxpayer Identification Number (INN): 7706061801; Primary State Registration Number (OGRN): 1027700049486) acquired control of 62% of votes attributable to the voting shares of PJSC NCSP.