Investor Presentaiton

Strategy Focused on Profitable Growth TMK ■ TMK is committed to maintaining its global leadership position in the main product segments and core markets, improving production efficiencies and seeking to enhance its margins in line with industry peers. Strategic Investment Programme (2004-14) aimed at substantial capacity increase is nearly completed. No major investments expected. Capacity Expansion Target Markets Product Offering Development Market Positioning Russia and Europe Increase seamless pipe capacity to 600,000 tonnes, incremental 250,000 tonnes (FQM mill at Seversky expected to be commissioned in 2014) ■ Increase steelmaking capacity to 1,000,000 tonnes, incremental 600,000 tonnes (EAF facility to be launched at Tagmet in 2013) Sustain position of primary supplier to unconventional Russian oilfields (the Caspian, Eastern Siberia, Arctic offshore) Enhance TMK presence the Middle East markets (leveraging acquisition in Oman) and sells of premium connections Expand in Sub-Saharan Africa and South-East Asia Focus on higher value-added pipe products (premium connectors, proprietary grades, specialised tubes) Expand offshore certification for its tubular products Create value through developing services and new tubular solutions Continue to be the supplier of choice for Russian O&G companies Provide high quality products at a low cost Grow recognition among international O&G majors Americas Roll out ULTRA threading facilities throughout the US and globally Increase threading capacity Enhance R&D activity in Houston, Texas Increase heat treatment capacity by 50% Enhance export program of seamless pipes between Russian and American divisions Supply to unconventional hydrocarbons production in the US (Gulf, shale oil and shale gas), Canada (oil sands) and South America Globalise ULTRA premium connections Develop new generations of premium threads, special grades, alloyed tubulars etc Grow and expand well engineering support and related field services Maintain a leading position on the US shale gas and shale oil market Sustain our position in Top-3 global suppliers of premium connections Exploit synergies between well established US operations and strong Russian production base Develop direct supply relationships with customers 14

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