Investor Presentaiton

Cash Flow (RUB mln) (US$mln) 2019 2018 2019 2018 2017 Profit (Loss) before Income Tax 6,027 5,004 97 45 78 Adjustments for: Depreciation and Amortisation 13,043 16,473 205 268 263 Net Finance Cost 13,282 16,765 218 232 268 Others 10,487 13,384 145 137 (260) Working Capital Changes (0,203) (8,538) 1 (145) (253) Cash Generated from Operations 42,636 43,088 666 537 349 Income Tax Paid (4,425) (1,674) (69) (27) (38) Net Cash from Operating 38,008 32,876 598 510 312 Activities Capex (14,183) (17,175) (219) (273) (236) Acquisitions 1 Others (9,308) 1,077 (145) 18 Net Cash Used in Investing (23,491) (16,098) (364) (255) (235) Activities Net Change in Borrowings (3,312) (2,040) (50) (46) 318 Others (14,776) (18,666) (217) (305) (197) Note: Net Cash Used in Financing Activities Net Foreign Exchange Difference Cash and Cash Equivalents at Jan 1 Cash and Cash Equivalents at YE Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums (a) Calculated as Finance costs less Finance income Source: TMK Consolidated Financial Statements for 2019, 2018, 2017, 2016, 2015, 2014 and 2013 (18,088) (20,706) (267) (351) 121 (1,526) 2,857 (1) (4) 17 27,221 28,292 392 491 277 22,124 27,221 357 392 491 TMK TMK 41

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