December 01, 2014 PRESS RELEASE
TMK corporate actions in connection with a secondary share offering
Today, in accordance with the applicable law and regulatory requirements, TMK published a notice inviting the shareholders to exercise their pre-emptive rights to purchase newly issued TMK shares. TMK posted the recommended application form for shareholders wishing to exercise their pre-emptive rights on the following pages of the Company's websites: www.tmk-group.ru and http://www.e-disclosure.ru/portal/company.aspx?id=274.
Concurrently, TMK management called for the meeting of the Board of Directors to approve the offering price, which the management proposed at the level of RUB 101.25 per share.
Prospectus and Decision on additional share issue of 56 million new ordinary shares were registered by the Central Bank of the Russian Federation on 18 September 2014 and are disclosed at www.tmkgroup.ru/files/tmk_prospect0914.pdf and www.tmkgroup.ru/files/tmk_decision0914.pdf.
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TMK (www.tmk-group.com)
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled 4.3 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:
Russian division:
Volzhsky Pipe Plant;
Seversky Tube Works;
Taganrog Metallurgical Works;
Sinarsky Pipe Plant;
TMK-CPW;
TMK-Kaztrubprom;
TMK-INOX;
TMK-Premium Service;
TMK Oilfield Services.
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American division:
12 plants of TMK IPSCO;
OFS International LLC.
European division:
TMK-ARTROM;
TMK-RESITA.
Middle East Division:
TMK GIPI (Oman);
Threading & Mechanical Key Premium LLC (Abu-Dhabi).
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TMK Corporate Communications
Ilya Zhitomirsky
Tel: +7 (495) 775-7600
E-mail: pr@tmk-group.com
