Share Capital and Securities

Share capital structure

As of December 31, 2011, the share capital of OAO TMK consisted of 937,586,094 fully paid ordinary shares. The nominal value of one share is 10 rubles. OAO TMK does not have any outstanding or declared preferred shares.

Main shareholders of ОАО ТМК as of December 31, 2011

  Number of shares %
1 Dmitry A. Pumpyanskiy is the main beneficiary of TMK Steel Ltd.
2 TMK Bonds S.A. owns 71,505,956 shares of OAO TMK, which is 7.63% of the share capital, with a view to ensuring liabilities to convert into TMK GDRs obligations amounting to U.S.$ 412.5 million that were issued in February 2010 and mature in 2015. Conversion of obligations into GDRs is possible at a price of U.S.$ 22.927 per GDR.
TMK Steel Ltd. (incl. affiliated companies)1 653,264,243 69.68
Subsidiaries of ОАО TMK 2,914,540 0.31
TMK Bonds S.A.2 71,505,956 7.63
Free float 209,901,355 22.38
Total: 937,586,094 100.00

As of December 31, 2011, 22.38% of shares of OAO TMK were in free circulation, of which approximately 90% are in the form of Global Depositary Receipts (GDR) circulating on the London Stock Exchange. Members of the Board of Directors of OAO TMK and the Company’s management owned 798,821 shares, which is approximately 0.09% of share capital.

OAO TMK shares are traded on Russian and international exchanges.

Shares are traded on:

  • The MICEX-RTS stock exchange under the trade ticker TRMK (Bloomberg:TRMK:RM / Reuters: TRMK.MM); and
  • Global Depository Receipts (GDR) on the London Stock Exchange under the trade ticker TMKS (Bloomberg: TMKS:LI / Reuters:TRMKq.L).
  REG.S 144А
СUSIР: 87260R201 87260R102
ISIN: US87260R2013 US87260R1023

American Depository Receipts (ADR) are traded on the OTCQX trading platform under the trade ticker TMKXY (Bloomberg: TMKXY:US / Reuters: TMKXY.PK).

CUSIP: 87260R300
ISIN: US87260R3003

TMK shareholders are entitled to receive dividends for the first quarter, six months, nine months and / or for the financial year subject to the conditions set by the OAO TMK’s Regulation on Dividend Policy (http://www.tmkgroup. ru/files / divpolicy_150307_l.pdf). TMK’s goal is to pay dividends in an amount no less than 25% of the annual consolidated net income, calculated in accordance with International Financial Reporting Standards (IFRS).

Dividend payment history:

Period Announced dividends per 1 share, rubles Total announced dividends, rubles Dividends paid, rubles
2010 0.85 796,948,179.9 796,761,047.55
1H 2011 0.93 871,955,067.42 871,783,336.14

As of December 31, 2011, TMK’s market capitalization was USD 2.1 billion.

The weight of TMK securities in indices as of December 31, 2011:

Index Weight
МSСI Russia 0.29% (GDR)
МIСЕХ М&М 1.88% (shares)
МIСЕХ МС 0.51% (shares)

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