Novorossiysk Commercial Sea Port (NCSP JSC) has set aside 2.407 million rubles for dividend payment for 2009, the NCSP’s press service said. The amount corresponds to 0,125 rubles per share. Record date for dividends is April 19, 2010.

On the first day of dividend payment, September 1st, about 2,160 million rubles have been transferred to stockholders, or nearly 90% of the total amount of dividends, including those distributed per the NCSP’s shares held by the Russ. Govt., and dividends to holders of global depository receipts and other stockholders.

Dividends to GDR holders for shares of NCSP (one GDR is equal to 75 common stocks) in the amount of 458 million rubles (taxable at a rate of 15%) were deposited in the depository bank JP Morgan Chase Bank NA in Sberbank of Russia. The JP Morgan converts the received funds and transfers the dividends to the accounts of GDR holders in DTC, Euroclear, Clear Stream settlement systems, etc. The dividend transfer terms to GDR holders can be approximately 10 working days from the receipt of funds to the depository bank.

Payment of dividends to individuals and legal entities is carried out through bank and postal transfer, according to the given details, as well as through the cashier of the company. The NCSP’s stockholders, who are employees of the company, receive dividends along with wages.

Novorossiysk Commercial Sea Port is the largest Russian port operator. The NCSP’s stocks are listed on Russian RTS and MICEX (ticker: NMTP), on the London Stock Exchange in the form of Global Depositary Receipts (ticker: NCSP). In 2009 the NCSP Group’s throughput amounted to 86.5 million tons. Consolidated revenues of the Group on International Financial Reporting Standards for the 9 months of 2009 totaled $508.238m. Consolidated revenue of the Group (IFRS) for 2009 totaled $675.1m, net income - $252,2m

NCSP Group incorporates the following stevedores: Novorossiysk Commercial Sea Port OJSC, Novorossiysk Grain Terminal OJSC, Novorossiysk Shipyard OJSC, NCSP Fleet OJSC, NovorosLesExport OJSC, IPP OJSC and Baltic Stevedoring Company.