Investor Presentaiton

Diversified Business Model Diversified Product Portfolio and Customer Base Sales Volumes by Product (2012) Welded OCTG Welded LD 9% 10% Welded Line Pipe 10% Source: TMK data Welded Industrial 13% Seamless Industrial 13% Diversified Geographical Reach Seamless OCTG 32% Seamless Line Pipe 14% TMK Revenues by Country (2012) & Gulf Region 3% Central Asia & Caspian Region 5% Europe 7% Middle East Other 1% Key Considerations High degree of diversification enabling earnings resilience. TMK Geographical diversification seeking to mitigate swings in geographical demand (Russian division 55% and American division 30% of 2012 revenues). Diversified product portfolio, including full range of seamless and welded pipes. Focus on higher value added products, including seamless pipes and OCTG. Diversified customer base covering end users in oil and gas and industrial sectors (top 5 customers represented 26% of sales volumes in 2012). Long-term relationships with Russian oil and gas majors (Rosneft, Surgutneftgas, Lukoil, TNK-BP and Gazprom). Americas 30% Russia 55% Source: TMK data 9

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