Investor Presentaiton

9M 2013 Summary Financial Highlights Sales increased YoY mainly due to higher consumption of LDP in Russia and welded OCTG pipe in the American division Thousand tonnes 3,200 2,400 1% YoY 1,600 3,156 3,197 800 0 9m2012 9m2013 TMK Revenue declined YoY due to weaker results of the American and European divisions and a negative effect of currency translation 5,400 4,500 €3,600 $92,700 S -4% YoY 5,056 4,861 1,800 900 0 9m2012 9m2013 Adjusted EBITDA declined YoY due to weaker pricing and an unfavorable sales mix mostly in the American and European divisions Net income declined YoY as a result of a decrease in gross profit partially offset by lower operating expenses and finance costs -13% YoY 900 20% 16% 750 14% 16% U.S.$ mln 600 12% 450 809 705 8% 300 EBITDA Margin, % 4% 150 0 0% 9m2012 9m2013 Source: TMK data U.S.$ mln -36% YoY 300 250 200 150 250 100 160 50 0 9m2012 9m2013 25

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