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 ■5 Independent Directors Sergey Kravchenko 11 ■ 4 Non-Executive Directors Chairman of the Nomination and Remuneration Committee ■ 2 Executive Directors President of Boeing Russia/CIS since 2002 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 TopCompetence Audit Committee Strategy Committee Indicates independent director Corporate governance ratings 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 Capital structure as of August 14, 2020 Free float 12.51% O TMK subsidiaries 22.44% TMK TMK Steel Holding Ltd, incl. affiliates (UBO Pumpyanskiy) 65.06%* Mr. Dmitry * 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 ■ Total shares 1,033,135,366 outstanding amount to ■ TMK's securities are listed on the Moscow Exchange and the London Stock Exchange On 18 May 2020, TMK received a voluntary tender offer made by Volzhsky Pipe Plant, a wholly-owned subsidiary of TMK, to purchase ordinary shares of TMK. The voluntary tender offer was open for acceptance from 19 May until 27 July 2020, and was completed on 13 August 2020. As a result, VTZ acquired 229,958,764 ordinary shares of TMK, which constitutes approximately 22.3% of total outstanding shares of the Company. ■ As of August 14, 2020, 12.51% of TMK ordinary shares were in free float Source: TMK data TMK 25

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