Responsibility statement

We confirm to the best of our knowledge that:

  1. the consolidated financial statements prepared in conformity with International Financial Reporting Standards and presented together with this management discussion and analysis of financial condition and results of operation give a true and fair view of the assets, liabilities, financial position and profit or loss of OAO TMK and its consolidated subsidiaries, taken as a whole; and
  2. the management report includes a fair review of the development and performance of the business and the position of OAO TMK and its consolidated subsidiaries, taken as a whole.

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