Summa News Nov 2014 PT3

Summa News
Latest news from Summa Group 2014

Summa News Nov 2014 PT3

FESCO Announces New Board of Directors

The new board of directors for the Far East Shipping Company (FESCO) has been
announced:
Konstantin Sokolov FESCO President and CEO
Vladimir Korchanov First Vice President
Alexander Isurin Vice President, Liner and Logistics Division
Konstantin Kuzovkov Vice President, Investments and Development
Yury Melyakin Vice President, Security
Nikolay Rezvov Vice President, Rail Division
The announcement was made on the 21st of November 2014 and sees Vice President for
Finance Elena Shmatova resign from the management board and leave the company.
Eugenia Tyurikova, Vice President and CFO of Summa Group will be taking control over the
companys financial and economic duties as well as the groups financial strategy.

Summa News Nov 2014 PT3

NCSP Welcomes Containers from Turkey & Israel

The Novorossiysk Commercial Sea Port (NCSP) is pleased to announced a new route
between Turkey and Israel that will see shipping run along a more direct line. The container
service by ARKAS line will connect the Turkish ports Mersin and Limas and Israeli ports Haifa
and Ashdod to Novorossiysk by the Reefer Express service (REX).
The 11th of November saw the first ship call at Novorossiysk , targeting perishable cargo
(food stuffs) from Israel and Turkey.
CEO of Novoroslesexport, Albert Likholet, comments on the new route, We hope it will be
in good demand which can boost NCSP Groups volumes in general.
The Novorossiysk Ports total area is 95.9 hectares with 43 berths and a total length of 9.15
kilometers.

Summa News Nov 2014 PT3

NCSP Group Increases Transshipment to 10m Tonnes

Summa Group subsidiary NCSP have signed a letter of intent to facilitate increased
transhipments of up to 10 million tonnes of iron ore and pig iron per year in conjunction
with Metallonivest. The metals will be used to construct a specialised bulk cargo terminal
which will include access railways and hydraulic structures at the Port of Novorossiysk in
north-east Russia.
Sultan Batov comments on the project, We believe the grounds of Novorossiysk Shipyard
suit best for construction of this new terminal. Reconstruction of the Novorossiysk rail hub
is the mandatory precondition for implementing the project.
At the new terminal NCSP expects to facilitate intake,
storage and transshipment of up to 10 million tonnes of
bulk cargo by means of its own port infrastructure, utilising
state-of-the-art technology and equipment to guarantee
the best cargo handling service.
Metalloinvest will be using NCSPs new cargo terminal to
export iron of up to 10 million tonnes per year to North
Africa, Middle East, Asia-Pacific and Mediterranean regions.

Summa News Nov 2014 PT3

About Summa Group

Summa Group specialises and invests in port logistics, engineering, construction, oil and
gas sectors as well as telecommunications. Summa Group is a diversified private holding
that comprises of more then 10 000 people in 40 regions of Russia and abroad.
Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which
will reach its 10 year anniversary in 2014.