TMKS.L Regulatory News (TMKS)

21 Jun 2007 09:25

OAO TMK21 June 2007 June 21, 2007 PRESS RELEASE OAO "TMK" Clarification Statement A certain business publication has recently reported and circulated informationabout TMK and its Chairman, Dmitriy Pumpyanskiy in relation with investing inthe Northern Caucasus and developing a ski resort. OAO "TMK" issues this statement in response to the above-mentioned information.OAO "TMK" is neither investing in nor developing a ski resort in the NorthernCaucasus. The development of a ski resort in the region is a project of otherbusinesses owned by Mr Pumpyanskiy. OAO "TMK's development strategy remains unchanged and the company continues toinvest in its seamless and welded pipe production plants in both Russia andRomania. OAO "TMK" carefully reviews general and specialized press in order to avoid anylibel statements. OAO "TMK" Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. In 2006, TMK sold approximately 3 million tonnes of pipes. TMK supplies tocompanies in more than 60 countries. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant; • Seversky Tube Works; • Taganrog Metallurgical Works; • Sinarsky Pipe Plant; • Orsky Machine Building Plant; • SC TMK-ARTROM SA; • SC TMK-Resita SA. For further information please contact: TMK PR Department: Sergey Ilin Tel: +7 495 775 7600 ext. 2149 Email: pr@tmk-group.com Or visit: www.tmk-group.com This information is provided by RNS The company news service from the London Stock Exchange