Investor Presentaiton

TMK LDP Demand in Russia LDP demand in Russia, 2013-2022E Booming market '000 tonnes 3,500 15% 3,000 2,500 20% Recovery 20% 2,000 1,500 T 26% 26% 30% 20% 19% 21% 23% 11% 11% 33% 12% 15% 30% 11% 65% 12% 1,000- 26% 12% 69% 70% 54% 59% 66% 67% 500 58% 55% 44% 0 2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F ■Gazprom ■Transneft ■ Others Source: TMK estimates ■ For the next three years we expect the LDP market to increase to approximately 2.2 mln tonnes ■ Major projects planned: Power of Siberia (GAZP), Bovanenkovo-Ukhta 3 (GAZP), Power of Siberia-2 (GAZP), Sakhalin-Khabarovsk-Vladivostok GTS (GAZP), maintenance needs of Transneft and Gazprom 17

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