Investor Presentaiton

New Product Development and New Customer Focus in US Whilst volumes are increasing marginally, New Year launch of higher margin/value solutions will further drive revenue growth Moving up the value chain CO2 partial pressure (atm) Severe Duplex Stainless Steel High Ni Alloy 13Cr Super 13Cr Value Chain Carbon Steel Low Alloy Steel Alloy Steel for Sour Service H2S partial pressure (atm) Source: TMK data Severe Customer fulfilment key - offering integrated solutions to their complex drilling needs New approach to customer mirrors changes to approach in Russia - moving up value chain, offering tailored solutions and increase in services 20 TMK

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