OREANDA-NEWS. January 31, 2012. NCSP Group (LSE: NCSP; MICEX: NMTP) informs that Igor Andreev was appointed as the CEO of JSC “Novorossiysk Grain Terminal” (NCSP Group subsidiary) following the Extraordinary General Meeting (EGM) of shareholders on January 23, 2012.

First deputy CEO of JSC NCSP Marat Shaidaev commented: “Igor Andreev is well-known both in Russia and abroad as a high-class professional with 25 year experience in the grain market. I believe that Mr. Andreev will ensure further development of Novorossiysk Grain Terminal – one of the most high-tech transshipment facilities of NCSP Group”.

Short biography

Andreev Igor Alekseevich.

In 1980 graduated from the Moscow State Institute of International Relations.

Since 1990 - executive positions in largest agricultural companies.

From 2008 to 2009 headed the grain terminal of “Tuapse Commercial Sea Port”.

Since 2009 has been the deputy CEO of JSC “Novorossiysk Grain Terminal”.

Since November 3, 2011 has been the acting CEO of JSC “Novorossiysk Grain Terminal”.

Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP).

50.1% shares of PJSC "NCSP" belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled USD 782 million and EBITDA of USD 404 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.