13 Mar 2007 08:19
OAO TMK13 March 2007 March 13, 2007 Result of EGM At an Extraordinary General Meeting of Shareholders (EGM), which took place onMarch 2, 2007, in the form of a postal vote, the shareholders of OAO TMK("TMK" or "the Company") duly approved the TMK Option Program. The resolutionwas supported by 84.7245% of votes cast. TMK's Option Program provides for the purchase of shares by members of the Boardof Directors and senior management of the Company of up to 1.1% of the totalissued ordinary share capital of TMK within the next three years. A full copy of the Resolution that was passed at the EGM has been submitted tothe UK Listing Authority, and will shortly be available for inspection at the UKListing Authority's Document Viewing Facility, which is situated at: The Financial Services Authority 35 The North Colonnade Canary Wharf London E14 5HS OAO TMK Founded in 2001, TMK (LSE: TMKS) is the largest pipe producer in Russia and oneof the three global market leaders. TMK GDRs and common shares are traded on theLondon Stock Exchange and Russian Trading System. In 2006 the total volume of pipes shipped reached over 3 million tonnes. TMKsupplies pipes to companies in more than 60 countries. TMK production facilities are located in Russia and Romania: • Volzhsky Pipe Plant • Seversky Pipe Plant • Taganrog Metallurgical Works • Sinarsky Pipe Plant • Orsk Engineering Plant • SC TMK-ARTROM SA • SC TMK-Resita SA For further information please contact: TMK IR Department:Natalia DokuchaevaTel: +7 495 775 7660Email: ir@tmk-group.com Gavin Anderson & Company:Dick Millard/Robert SpeedTel: +44 207 554 1400Email: tmk@gavinanderson.co.uk This information is provided by RNS The company news service from the London Stock Exchange