TMK

on and housing utilities, shipbuilding, aviation and aerospace, agriculture. 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 clients include such leading Russian and international companies as Rosneft, Gazprom, Lukoil, Surgutneftegas, Shell, BP, Chevron, AGIP, Exxon Mobil, Occidental Petroleum, ONGC, Saudi Aramco, ADCO, Sonatrach, Chesapeake, Marathon, and many others. TMK supplies its pipes for the construction of all the major gas and oil pipelines in Russia, for Nord Stream and South Stream pipelines, for various oil and gas transportation projects in the CIS countries. TMK also ships its OCTG pipe to all possible oil and gas production projects worldwide, including offshore and Arctic projects, shale gas, oil sands, etc. TMK aspires to increase the transparency of its business and adheres to the most advanced corporate governance standards. TMK corporate governance procedures have been prepared in accordance with general requirements of the Russian Joint Stock Companies Law, listing rules of the London and Russian Stock Exchanges, other regulatory acts governing operations of joint stock companies in the Russian Federation, our charter and internal regulations. TMK Board of Directors consists of eleven members, including five independent directors. TMK successively implements the personnel policy in pursuit of establishing the Company–employee relationships based on stable long-term partnership, providing competitive working conditions and social protection. TMK’s securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S.