12 Nov 2014 11:11
OAO TMK / Miscellaneous 12.11.2014 12:11 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.--------------------------------------------------------------------------- November 12, 2014 PRESS RELEASE TMK and MMK agree on price formula for rolled sheet intended for LDPproduction METAL-EXPO 2014, an international industrial exhibition held in Moscow, sawTMK sign an agreement with Magnitogorsk Iron & Steel Works (MMK) to applyformula when calculating the pricing of wide hot rolled sheets shipped toTMK enterprises. MMK is expected to ship wide hot rolled sheets to TMK's Volzhsky PipePlant, which would use them to produce large diameter pipes (LDP) intendedfor major Russian gas pipeline projects by Gazprom, including Power ofSiberia, South Stream, and Bovanenkovo-Ukhta. TMK and Gazprom have beenapplying similar formula pricing to LDP products shipped to the gas majorfor two years now. The key parameters of the price formula for MMK sheetswere agreed in line with the LDP formula applied by TMK and Gazprom. 'The price formula agreement signed with MMK, one of our main feedstocksuppliers, and a similar agreement with Gazprom, one of our major clients,gives us the opportunity to harmonise our mutual interests based onobjective market criteria. We are now well-positioned to considerablyoptimise internal business processes as well as improve planning efficiencyand pricing transparency,' said Alexander Shiryaev, TMK CEO. *** 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: pr@tmk-group.com 12.11.2014 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: tmk@tmk-group.comInternet: tmk-group.comISIN: US87260R2013Category Code: MSCTIDM: TMKSSequence Number: 2390Time of Receipt: Nov 12, 2014 12:09:47 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.