NCSP’s dividends for 2009 to grow 4.7 times, to RUB 0.125 a share

The Board of Directors of Novorossiysk Commercial Sea Port (NCSP OJSC) at the April 12th meeting agreed to recommend the annual meeting of the company’s stockholders to pay out the dividends RUB2.407.476.925, at 0,125 rubles a share following the results of 2009. The Board set aside for the development of the company RUB 2.985.340.6, the NCSP’s press service said.

The company’s stockholders annual meeting is scheduled for June 4, 2010.

Novorossiysk Commercial Seaport’s stockholders decided at the last year’s meeting to approve the dividends for 2008 at amount of 510.39 million rubles, or 0.0265 ruble per ordinary share. The dividends for 2009, rose as much as 4.7 times.

NCSP’s stocks are listed on the Russian RTS and MICEX Exchanges (NCSP’s ticker), as well as on the London Stock Exchange in the form of Global Depositary Receipts (NCSP’s ticker).

Novorossiysk Commercial Sea Port is the largest Russian port operator. 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.

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.