TMK Announces Board of Directors Decisions

9 June 2017 PRESS RELEASE

TMK Announces Board of Directors Decisions

TMK's Board of Directors at the meeting on June 8 made the following decisions:

- Dmitry Pumpyanskiy is elected as the Chairman of the Board of Directors,

- Alexander Shiryaev is confirmed as TMK Chief Executive Officer,

- The following TMK Management Board members are approved:

1. Alexander Shiryaev, Chairman of the Management Board

2. Andrey Zimin

3. Andrey Kaplunov

4. Alexander Klachkov

5. Vyacheslav Popkov

6. Vladimir Oborsky

7. Tigran Petrosyan

8. Vladimir Shmatovich.

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ТМК (www.tmk-group.com)

TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for oil and gas industry,

operating more than 25 production assets in the United States, Russia, Canada, Romania, Oman and Kazakhstan with two R&D centers in Russia and the USA. In 2016, TMK's pipe shipments totaled 3.46 million tonnes. The largest share of TMK's sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing.

TMK's securities are listed on the London Stock Exchange, the OTCQX International Premier trading

platform in the U.S. and on the Moscow Exchange MICEX-RTS.

TMK's assets structure by division:

TMK PR Department:

Alexander Goryunov

Tel: +7 (495) 775-7600

[email protected]