Investor Presentaiton

Conclusion Strong fundamentals underpin Russian market growth ☐ Leveraging relationships with Gazprom and Rosneft Importing our shale expertise to Russia from US ■ US market outlook improving for TMK as a result of robust drilling activity, a favourable trade case outcome and greater demand for higher value added products - Longer term US outlook more favourable – key KPI to watch is gas price and demand 27 TMK

View entire presentation