29th Sep 2014 11:25
OAO TMK / Miscellaneous 29.09.2014 11:25 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- September 29, 2014 Press Release TMK welcomes new pricing agreement with Gazprom TMK is satisfied with the terms and conditions as per a special pricingagreement on large diameter pipe (LPD) shipments for Gazprom. Signed on 25September, the agreement is viewed by TMK as a positive development tocontribute to the company's financial and operating performance. The new conditions will improve TMK's capacity utilization planning andsales mix. The prepayments will enable the company to incrementally reduceits debt. TMK expects to see improved financial and economic indicators inits LDP segment given the existing pricing arrangements with Gazprom andraw materials suppliers, better capacity utilization and more favorableproduct mix. *** For further information regarding TMK, please, visit www.tmk-group.com aswell as download the YourTube iPad application from the App Storehttps://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 TMK on Facebook - https://www.facebook.com/TMKGroupEN *** TMK (www.tmk-group.com) TMK (LSE: TMKS) is a leading global manufacturer and supplier of steelpipes for the oil and gas industry, operating 28 production sites in theUnited States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and twoR&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled4.3 million tonnes. The largest share of TMK's sales belongs to high marginoil country tubular goods (OCTG), shipped to customers in over 80countries. TMK delivers its products along with an extensive package ofservices in heat treating, protective coating, premium connectionsthreading, warehousing and pipe repairing. TMK's securities are listed on the London Stock Exchange, the OTCQXInternational Premier trading platform in the U.S. and on the MoscowExchange MICEX-RTS. TMK's assets structure by division: Russian division: American division:Volzhsky Pipe Plant; 12 plants of TMK IPSCO;Seversky Tube Works; OFS International LLC.Taganrog Metallurgical European division:Works; TMK-ARTROM;Sinarsky Pipe Plant; TMK-RESITA.TMK-CPW; Middle East Division:TMK-Kaztrubprom; TMK GIPI (Oman);TMK-INOX; Threading & Mechanical Key Premium LLC (Abu-TMK-Premium Service; Dhabi).TMK Oilfield Services. TMK Corporate Communications Ilya ZhitomirskyTel: +7 (495) 775-7600E-mail: [email protected] 29.09.2014 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: OAO TMK 40/2a Pokrovka 105062 Moscow RussiaPhone: +7 495 775-7600Fax: +7 495 775-7601E-mail: [email protected]: tmk-group.comISIN: US87260R2013Category Code: MSCTIDM: TMKSSequence Number: 2296Time of Receipt: Sep 29, 2014 11:24:08 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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