TMKS.L Regulatory News (TMKS)

February 2, 2018 PRESS RELEASE

TMK Paid off Eurobonds in the Amount of US$231 million

TMK, one of the world's leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018.

The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under tender offers and cancelled.

On the date of the announcement, TMK has outstanding eurobonds due in April 2020 in the total amount of $500 million with a coupon rate of 6.75% and a 7-year maturity.

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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 27 production sites in the United States, Russia, Canada, Romania, Oman and Kazakhstan with

two R&D centers in Russia and the USA. In 2017, TMK's pipe shipments totalled 3.8 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 and on the Moscow Exchange MICEX-RTS.

TMK's assets structure by division:

TMK IR Department:

Marina Badudina

Tel: +7 (495) 775-7600

IR@tmk-group.com

TMK PR Department:

Alexander Goryunov

Tel: +7 (495) 775-7600

PR@tmk-group.com