Investor Presentaiton

Focus on High Value Added Products Key Considerations 62% of revenues was higher margin seamless pipes in 2012. 26% gross margin for seamless pipe vs. 15% for welded pipes in 2012. Full range of connections to address different drilling environments. R&D facilities in Russia and US working closely with customers to address their needs. Strong Growth in Premium Products Premium Products Sales Volumes (thousand tonnes) Thousand tonnes Increasing Focus on Higher Margin Seamless Products 30% 26% 28% 26% 70% 25% 65% Gross margin 20% 20% 14% 15% 15% 60% 10% 62% 55% 58% 5% 53% 0% 50% 2010 2011 2012 Share of seamless tubes in revenues Seamless tubes gross margin Welded tubes gross margin Source: TMK data Connections to Address Different Drilling Environment Premium Connections TMK Share of seamless product in revenues (%) 300 Semi ΑΡΙ 285 Premium Connections ULTRA DQX™ ULTRA FXTM ULTRA FJTM Premium Connections ULTRA SF™M ULTRA CX™ ULTRA TM 250 208 145 200 139 100 150 41 100 Threaded 140 50 97 108 & Coupled Threaded & Coupled Slim-line Integral Joint Integral Joint Upset Tubing 100% 100% 70% 90% Slim-line Threaded & Coupled 100% Threaded & Coupled 100% 0 2010 2011 2012 Strength in Tension and Compression compared to Pipe ■ Russia US Source: TMK data Source: TMK data 11

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