Investor Presentaiton

Canadian Market Growing Premium tubular content increasing with Natural Gas and SAGD drilling activity Yearly Footage Drilled by Rig Type Average Quarterly Rig Count by Well Class Million Feet 90 80 70 10 60 60 50 40 30 20- 10- 0+ 2009 Number of Rigs 600 500 400 300 200 91 100 202 187 172 166 154 TMK 0 2010 2011 2012 2013 2014E Q2 2009 Q2 2010 Oil Gas Dry ■ Service Q2 2011 Q2 2012 Q2 2013 ■Oil Gas Q2 2014 Source: Baker Hughes ■ Source: Spears & Associates, Inc. Ignoring the QoQ seasonal decrease, YoY total rig count increased 31%, including a 6% increase in oil rig count and a 70% increase in natural gas rig count Canada represents circa 10% of TMK IPSCO sales volumes This points towards greater OCTG demand and a favourable environment for the Premium Connections market segment 17

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