TMK Draws Loan from VTB

19 Aug 2009 14:40



TMK Draws Loan from VTB and Confirms Settlement Date of Tender Invitation

OAO TMK ("TMK") announces today that it has drawn from JSC VTB Bank the entire amount of a U.S.$ 450 million loan to be used in part to fund the previously announced invitation to holders of TMK Capital S.A.'s outstanding U.S.$600 million 10.00 per cent. Loan Participation Notes due 2011 (ISIN: XSO373732063) (the "Notes") to submit offers to sell for cash any or all of their Notes (the "Tender Invitation"), pursuant to which TMK accepted for purchase U.S.$ 413.3 million in aggregate principal amount of Notes. TMK further confirms that the settlement date for the Tender Invitation is expected to be 20 August 2009.

For further information please contact:

TMK IR Department

Alexei Ratnikov

Tel: +7 495 775 7600 ext. 2078

Email: IR@tmk-group.com

TMK PR Department

Alexey Sotskov

Tel: +7 495 775 7600 ext. 2125

Email: PR@tmk-group.com