Key Events

KEY EVENTS 2011

January

TMK completes certification of large diameter pipe produced at the Volzhsky Pipe Plant from domestically rolled steel; products are in compliance with the DNV-OS-F101 standard for offshore pipelines.

TMK sends a shipment of seamless pipe manufactured at the Sinarsky Pipe Plant and Volzhsky Pipe Plant unique in its technical and operating characteristics to the Portovaya Compressor Station at Nord Stream gas pipeline.

TMK places Eurobonds in the amount of U.S.$ 500 million with a maturity of 2018.

March

TMK takes part in run of pipe with TMK FMT Premium Connections in a well with a depth of more than 2.5 kilometers at a Lukoil offshore field.

A second line to cut ULTRATM Premium Connections was commissioned at TMK IPSCO’s facility in Brookfield, Ohio, which allows for an expanded product mix and doubled production capacity.

April

TMK ships casing with ULTRA Premium Connections to Gazprom Neft.

May

TMK ships high-strength 13-Chrome steel pipe with premium connections to Tomskneft (OAO Rosneft) for the Chkalovskoye field.

July

TMK completes independent run of tubing with premium connections in a well at the West Salym field for Salym Petroleum Development N.V.

TMK completes first casing string run in Russia in a well that connects land-based and offshore parts at the Yurkharovskoye field for Novatek.

August

Casing with TMK PF premium connections was shipped by TMK to Daewoo Energy Central Asia, a subsidiary of Daewoo International.

September

As part of the Offshore Program, TMK ships seamless line pipe for the construction of an offshore pipeline by Gazprom.

The Standard & Poor’s ratings agency raised long-term corporate credit rating on TMK from ‘B’ to ‘B+’, the Russian national scale rating was raised from ‘ruA-’to ‘ruA’ with a forecast of “Stable.”

October

TMK runs production string of 276 casing pipes with premium connections for Gazprom Neft at the South Priobskoye field.

A modern thread line for casing with premium connections with an annual capacity of 24,000 tonnes of pipes was commissioned at the Orsky Machine-Building Plant.

November

According to a joint study by PwC, the non-profit Donors Forum partnership, and the newspaper Vedomosti, TMK was acknowledged as one of the ten most effective corporate benefactors in Russia for 2010.

December

TMK conducts successful tests and sends a trial shipment of casing with lubricant-free coating, which ensures the gas-tightness of connections and significantly reduced time for pipe preparation and running into the well.

TMK and Lukoil sign an agreement for 2012 under which TMK guarantees to supply 100% of pipe products required by Lukoil.

In 2011, four types of TMK premium connections are successfully certified under the international ISO 13679 CAL IV standard, which confirms the global level of quality and reliability of TMK connections and enables the company to enter the ranks of the leading global suppliers of pipe products for complex onshore and offshore hydrocarbon drilling and production projects.

KEY EVENTS 2012

February

TMK becomes the first company in Russia to produce vacuum insulated tubing (VIT) and sends the first shipment to Gazprom for use in the Bovanenkovskoye gas condensate field on the Yamal Peninsula.

March

TMK PF ET premium connections successfully undergo testing for 100% gas tightness at the Oil States Industries international testing center.

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