Volga Shipping Company Open Joint Stock Company (RTS:VFLT) agreed to acquire OJSC Voznesensk Ship Repair and Operation Base from Joint - Stock North-Western Shipping Company (MICEX:SZPR) for approximately RUB 230 million on November 12, 2012. Volga will acquire 4.69 million shares. The deal was approved by the Board of Directors on October 11, 2012. The transaction is expected to complete by November 30, 2012.

Volga Shipping Company Open Joint Stock Company (RTS:VFLT) completed the acquisition of Voznesensk Ship Repair and Operation Base from Joint - Stock North-Western Shipping Company (MICEX:SZPR) on November 16, 2012.