Investor Presentaiton

Corporate Governance Composition of The Board of Directors Dmitry Pumpyanskiy Chairman Non-Executive Director Alexander Shiryaev Executive Director Founder of TMK Member of the Board of Directors since 2002 25+ years of sector experience ■ With TMK since 2003: various senior positions within the Group incl. CEO until 2019 Andrey Kaplunov Executive Director ■ With TMK since 2000: Chairman of the Board of Directors of TMK Russian plants, TMK Trade House Alexander Pumpyanskiy Non-Executive Director ■ Chairman of the Board of Directors of SKB-BANK and Sinara Group Mikhail Khodorovskiy Non-Executive Director Member of the Board of Directors of SKB-BANK, Sinara Transport Machines, Sinara Group Anatoly Chubais Non-Executive Director ■ Chairman of the Board of Rusnano (investment fund focused on nanotechnology) ■ Previously held various senior political positions Directors Independent Directors Structure of The Board of Directors TMK Capital structure, as of December 31, 2019 ■5 Independent Directors Free float 34.76% Sergey Kravchenko Chairman of the Nomination and Remuneration Committee President of Boeing Russia/CIS since 2002 11 ■ 4 Non-Executive Directors ■ 2 Executive Directors Natalia Chervonenko Chairman of the Audit Committee 20+ years of banking experience ■ Board member of a number of industrial companies and banks Aleksander Shokhin Chairman of the Strategy Committee ■ President of Russian Union of Industrialists and Entrepreneurs Frank-Detlef Wende Independent Director ■ Senior academic positions at MADI and Financial University Previously Counsel to President of AvtoVAZ Yaroslav Kuzminov Independent Director ■ Rector of National Research University "Higher School of Economics" Chairman of Board Committee Board committees The Board of Directors has three standing committees chaired by independent directors Nomination and Remuneration Committee M Audit Committee Strategy Committee Indicates independent director Corporate governance ratings TopCompetence TMK ranks in the Top-20 companies in Russia with the best disclosure of corporate governance information, according to the annual survey "National Corporate Governance Index" in 2018 TMK subsidiaries 0.18% TMK Steel Holding Ltd, incl. affiliates (UBO - Mr. Dmitry Pumpyanskiy) 65.06%* ■ TMK's securities are listed on the London Stock Exchange and the Moscow Exchange As of December 31, 2019, 34.76% of TMK ordinary shares were in free float Total shares outstanding amount to 1,033,135,366 One GDR represents four ordinary shares * The beneficiary is Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK. Includes shares owned by TMK Steel Holding Ltd and subsidiaries of TMK Source: TMK data TMK 25

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