Investor Presentaiton

U.S.$ mln 9M 2013 Revenue by Division 9M 2013 Revenue -2% 3,600 3,000 2,400 1,800 3,501 3,439 -7% 1,200 U.S.$/tonne 9M 2013 Revenue per Tonne* -14% 2,000 -14% -1% 1,600 1,200 1,964 1,875 1,693 800 1,619 1,501 1,479 -17% 400 600 1,298 1,208 257 214 0 Russia Americas ■9m2012 ■ 9m2013 Europe Revenue for the Russian division decreased mainly due to a negative effect of currency translation and lower seamless pipe sales. A decline was partially offset by higher LD pipe sales. Revenue for the American division decreased mainly due to the deterioration of the pricing environment in the U.S. following an increase in import volumes. Revenue for the European division decreased as a result of a weaker pricing and an unfavorable sales mix. Source: Consolidated IFRS Financial Statements, TMK data NNote: 0 Russia Americas ■ 9m2012 ■ 9m2013 ** Europe** * Revenue per tonne for all three divisions includes other revenue ** Revenue for the European Division includes revenue from steel billets sales Russian division revenue per tonne slightly decreased as a result of unfavorable sales mix (lower volumes of seamless pipe) and a negative effect of currency translation. American division revenue per tonne declined as a result of weaker pricing. European division revenue per tonne declined as a result of lower pricing. CCertain monetary amountsppercentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. 27 TMK

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