Investor Presentaiton

CAPEX MANAGEMENT CAPEX DYNAMICS (RUB mn) 4.7% IT strategy 3.1% 7,558 6,564 Innovative projects / Big data analysis 2,484 R&D 2,720 Ecological projects MAIN CAPEX ACTIVITIES (RUB mn) Expansion Projects Operational efficiency program & modernization / Artificial intelligence solutions CHELPIPE GROUP 2,720 60 1,095 5 210 572 Projects in oilfield services 51 2,767 TOTAL CAPEX + 30% Scrap division improvements 343 1,950 Other projects 384 Maintenance projects 1,950 2,307 1,893 Pipe division 1,637 Rimera (rolling scheme) 1,893 2019 ■Rimera (rolling scheme) 2020 TOTAL CAPEX(1) 6,564 Maintenance Expansion projects CAPEX as % of revenue (1) Excluding one-off expense (investments in intangible assets). 19

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