Inside Information: This press release does not contain inside information.

Forward-looking statements: The information contained in this press release includes forward-looking statements. events. These statements are based on the current opinions and assumptions of the Company's management, taking into account known and unknown risks and uncertainties.

PJSC TMK announces that the Company entered into a share purchase agreement with Tenaris, a manufacturer of seamless and welded pipes, for the sale of 100% of shares in IPSCO Tubulars Inc. The total transaction price is USD 1,209 million, excluding cash and debt on the balance sheet, but includes USD 270 million in working capital. The condition for the transaction is compliance with and fulfillment of the preconditions specified in the Sale and Purchase Agreement (including, but not limited to, obtaining all necessary permits and approvals).

Dmitry Pumpyansky, Chairman of the TMK Board of Directors, noted: “The Board of Directors and TMK's management are satisfied with the deal. It is a development of our strategy, which envisages monetization of the Company's international assets as one of our priorities. The terms of the deal mean a significant increase in the shareholder value of the Company in the interests of all its shareholders. ”

BTIG, LLC acted as consultants on the transaction.

TMK (www.tmk-group.ru) is one of the the world's leading pipe manufacturers for the oil and gas industry.

TMK sells Ipsco Tubulars Inc.

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