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TMK announces redemption of 5.25% 2015 convertible bonds

EquityStory.RS, LLC-News: OAO TMK / Key word(s): Miscellaneous
TMK announces redemption of 5.25% 2015 convertible bonds

12.02.2015 / 07:31

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February 12, 2015 Press Release

TMK announces redemption of 5.25% 2015 convertible bonds

The following contains forward looking statements concerning future events.
These statements are based on current information and assumptions of TMK
management concerning known and unknown risks and uncertainties.

OAO TMK ("TMK" or "the Company"), one of the world's leading producers of
tubular products for the oil and gas industry, informs that on February 11,
2015 the Company redeemed its 5.25% Convertible Bonds due 2015 convertible
into GDRs each representing four ordinary shares of TMK.

To redeem the bonds TMK used cash accumulated from operating and financial
activities, including four-year USD denominated credit facility from one of
the leading Russian commercial banks.

The Company currently does not plan public offering of 17,876,489 GDRs
(representing 71,505,956 of TMK shares or 7.21% of the Company's share
capital) underlying the bonds and intend to keep them as treasury shares.

TMK has no more international public debt maturing before 2018.

***

Redemption of 5.25% 2015 Convertible Bonds Conference Call:

TMK's management will hold a conference call to discuss redemption of 5.25%
2015 Convertible Bonds today, February 12, 2015, at 09:00 New York / 14:00
London / 17:00 Moscow.

To join the conference call please dial:

UK Local: [phone]
UK Toll Free: 0800 279 5736
Russia: [phone]
U.S. Local: [phone]
U.S. Toll Free: 1 877 280 2342
Conference ID: 9757267
(We recommend that participants to start dialing-in 5-10 minutes prior to
ensure a timely start of the conference call)

The conference call replay will be available through February 13, 2015:

UK Local: [phone]
UK Toll Free: 0800 358 7735
U.S. Local: [phone]
U.S. Toll Free: 1 866 932 5017
Access Code: 9757267

***

For further information regarding TMK please visit www.tmk-group.com or
download the YourTube iPad application from the App Store
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1

or contact:

TMK IR Department:
Marina Badudina
Tel: [phone]
[e-mail]

TMK PR Department:
Ilya Zhitomirsky
Tel: [phone]
[e-mail]

***

TMK (www.tmk-group.com)

TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in the
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two
R&D centers in Russia and the USA. In 2014, TMK's pipe shipments totalled
4.4 million tonnes. 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 securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on the Moscow
Exchange MICEX-RTS.

TMK's assets structure by division:

Russian division:            American division:

Volzhsky Pipe Plant;         12 plants of TMK IPSCO;

Seversky Tube Works;         OFS International LLC.

Taganrog Metallurgical       European division:

Works;                       TMK-ARTROM;

Sinarsky Pipe Plant;         TMK-RESITA.

TMK-CPW;                     Middle East Division:

TMK-Kaztrubprom;             TMK GIPI (Oman);

TMK-INOX;                    Threading & Mechanical Key Premium LLC (Abu-

TMK-Premium Service;         Dhabi).

TMK Oilfield Services.

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Language: English
Company: OAO TMK
40/2a Pokrovka
105062 Moscow
Russia
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: tmk-group.com
ISIN: US87260R2013


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