Investor Presentaiton

Debt Profile as of 31 March 2013 Debt Breakdown by Source of Borrowings TMK Around U.S.$1 bn of Undrawn Committed Credit Lines to Cover Short-term Debt ■ Utilized Credit Facilities Investment Bonds 28% Loans 2% Bank Loans 70% U.S.$ mln 1,200 1,000 800 600 400 200 ■Unutilized Credit Facilities 0 2013 2014 2015 2016 Note: TMK management accounts. Figures above are based on non-IFRS measures, estimates from TMK management. Debt Structure by Currency Matches Company's Cash Flow Just 14% of Debt is Secured with Assets and Mortgages Source: TMK data RUB; 47% EUR; 4% USD; 49% Unsecured 86% Secured 14% Note: TMK management accounts. Figures above are based on non-IFRS measures, estimates from TMK management. 31

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