Investor Presentaiton
Management's Discussion and Analysis
Nine months ended September 30, 2011
Responsibility statement
We confirm to the best of our knowledge that:
1. the consolidated financial statements prepared in conformity with International Financial Reporting Standards and presented together with this
management's discussion and analysis of financial condition and results of operation give a true and fair view of the assets, liabilities, financial position
and profit or loss of OAO TMK and its consolidated subsidiaries, taken as a whole; and
2. the management report includes a fair review of the development and performance of the business and the position of OAO TMK and its consolidated
subsidiaries, taken as a whole.
Alexander G. Shiryaev
Chief Executive Officer
Tigran I. Petrosyan
Chief Financial Officer
29 November 2011
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