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Investor Presentaiton

TMK Maturity Profile as at September 30, 2018 US$ mln 700 600 ■ EUR ■RUB USD 500 400 366 300 150 200 175 173 202 80 80 65 647 550 438 265 237 156 134 142 As at September 30, 2018, Net Debt amounted to US$2,624 mln In January 2018, TMK fully redeemed the remaining part of its US$500 mln 7-year Eurobond issue in the total nominal value of US$231 mln The weighted average nominal interest rate decreased by 94 bps since the end of 2017 to 7.22% Credit Ratings: S&P B+, Stable Moody's B1, Stable Debt currency structure 196 100 55 55 172 76 135 172 235 70 61 70 132 142 99 34 55 RUB 51% 95 21 21 60 0- 15 19 3 9 46 1 19 19 19 23 23 22 22 68 1 1 1 3 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 3Q 2018 2019 T 2020 2021 2022 2023 2025 EUR 3% Source: TMK management accounts (figures based on non-IFRS measures), TMK estimates Note: Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. 30 USD 46%
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