Corporate Presentation Page 02

OMK Corporate Structure

United Metallurgical Company (OMK) is one of the largest Russian producers of pipes, fittings and other metal products for fuel and energy, transport and industrial enterprises.

OMK unites seven large metallurgical enterprises: Vyksa Steel Works (Nizhny Novgorod region), Chusovoy Metallurgical Works (Perm region), Almetyevsk Pipe Plant (Tatarstan), Trubodetal Plant (Chelyabinsk region), the Casting and Rolling Complex (Nizhny Novgorod region), Blagoveshchensk Valve Plant (Bashkortostan) and OMK Tube plant (Texas, USA).

More than 30 thousand employees work at the enterprises of the Company. Page 03

OMK products are being used in energy, transport, construction, housing and communal services

1. Pipelines 2. Fittings & Valves 3. Casings 5. Railway Wheels 6. Steel Plates 8. Pipes for Oil, Gas and OMK’s large-diameter pipes OMK is the largest pipeline OMK produces casing pipes OMK owns Europe’s largest OMK was recently allowed by Water Pipelines are being used for the fittings manufacturer and tubings for oil and gas complex that produces the Russian Marine Register OMK produces arc-welded construction of key Russian in Russia and one of the big- fields and wells. whole-rolled railway wheels to produce steel plates for single-seam pipes for and international oil gest producers of pipeline for cargo, passenger shipbuilding. oil, gas and water pipelines and gas pipelines valves (in its presence seg- 4. Shaped Pipes and rapid trains. and heating systems. ments). OMK also produces shaped 7. Springs pipes that are being used OMK manufactures automo- in construction. tive springs for trucks. Page 04

OMK Geography

Russia

USA Page 05

SAWL Line Pipe Mill

Heavy Plate Mill 5000

API 5L; ISO 3183; DNV-OS-F101; UOE–Line DIN 10208; DIN 10219; DIN 102017 JCOE–line

Diameter 20—42” Diameter 20—56” Wall thickness 0.28—1.26” Wall thickness 0.28—1.89’’ Steel grade up to X80 Steel grade up to X100 Internal Coating Line API 5L2 (RP 5L2), ISO15741

External triple PE coating External External DNV RP F106, DIN 30670, NFA 49710, External External Coating Line Coating Line Shell DEP 31.40.30.31-Gen, CAN/CSA Z 245/21-02. Coating Line Coating Line #1 #2 External PP coating #3 #4 DIN 30678, NFA 49711, Shell DEP 31.40.30.31-Gen. Page 06

SAWL pipes production

UOE line JCOE line

Range of products Electrically welded pipe diameter 20—42” (508—1067 mm), Range of products Electrically welded pipe diameter 20—56” (508—1420 mm), wall thickness 0.28—1.26” (8—32 mm), strength grade wall thickness 0.28—1.89” (8—48 mm) strength grade up to X80 for the main gas and oil pipelines up to X100 for the main gas and oil pipelines

Design capacity Up to 1 mln tons per year Design capacity up to 950 thousand tons per year

Technology of production UOE forming, two arc inside and four arc outside Technology of production JCOE forming, inside four arc welding and outside automatic arc welding, mechanical expansion five arc automatic welding, mechanical expansion

Manufacturer of equipment SMS MEER, welding equipment – Uhrhan & Schwill Gmbh Page 07

International Certificates of quality management system

Certificate ISO 9001:2008 Certificates OHSAS 18001:2007, ISO 14001:2004 Page 08

International Certificates of conformity of the factory production control

API Spec Q1

DNV Certificates API Spec 5L API Spec 5CT Page 09

International Certificates of conformity of the factory production control

OMK/VSW is the only Russian manufacturer certified to Shell and Total standards

Shell Certificates Total Certificate Page 10

Companies qualifying OMK/VSW as a supplier for Oil and Gas Industry

ADGAS Caspian Pipeline Consortium ENI GASCO petroleum Saudi ARAMCO (CPC) (Shareholders: Shell, development oman AGIP, BP, Rosnef t)

AGIP KCO China Petroleum Technology Exxon Neftegas National Iranian Oil Company Salym Petroleum Shell and Development Company National Iranian Gas Company Development (Shell Affiliated Company)

BOTAS Egyptian General Gazprom OMV Sakhalin Energy Total Petroleum Company (Shell Affiliated Company) Page 11

OMK/VSW’s supply experience of line pipes for pipelines

Project Pipe size, mm Steel grade Volume of production, tons Customer 1153x30.9 125 583 Nord Stream (offshore) 1153x34.6 SAWL 485 I FD 329 609 Nord Stream AG 1153x41 6 195 South Stream (offshore) 813x39 SAWL 450 SFDU On going project 600 km South Stream Transport AG Dzhubga - Sochi (offshore) 530х15 SAWL 415 I F 20 000 JSC "Gazprom" Baydaratskaya Bay (offshore) 1219х27 SAWL 450 I FD 36 100 JSC "Gazprom" Varandey terminal (offshore) 820х20.5 К60 (SAWL 485) 20 000 JSC “Rosneft” Nord Stream (onshore) 1420х21.6; 25.8; 32 К60 (Х70) 470 000 JSC “Gazprom” South Stream (onshore) 1420х21.6;25.8 К60 (X70) 70 000 JSC “Gazprom” 1067х15.9 Х70 256 616 ТОО “Asian gas pipeline” Middle East — China 1219х17.5 Х80М 125 000 (CNPC and others) OML 58 OUR; 1067х19.1; 25.4 Х65 38 000 Total NOPL (Nigeria) 610х11.1; 15.9 Bovanenkovo - Uhta 530-1420х23.0; 27.7 К60/К65 (X70/X80) 306 000 JSC “Gazprom” Sakhalin 1 610х12.1 L450MC 31 000 Exxon Neftegas Sakhalin Energy Investment Sakhalin 2 508; 610х8; 9.5 Х65 46 000 Company (Shell) Zapolyarie — Purpe — Samotlor 1020 X70 60 000 JSC “Transneft” East Siberia — Pacific Ocean 1067. 1220х18.2 К60 (Х70) 236 500 JSC “Transneft” Shtokman 863.6х22-35 SAWL 485 FD Pilot lot Shtokman Development AG Marmul 762х15.8 X60 1 500 PDO, Shell Power of Siberia 1420х21.7 К60 (X70) Startup phase JSC ‘’Gazprom”

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Maps of main projects

Austria Russia

Russia Baltic Russia Sea Serbia Koviktinskoe Black Sea Bulgaria

Khabarovsk

Germany

Nord Stream South Stream Power of Siberia

Baydaratskaya Bay Bovanenkovo

Russia Dzhubga Lazarevskoe Sochi Taishet Uhta

Black Sea Torzhok

Kozmino

Baydaratskaya Bay Dzhubga - Sochi East Siberia — Pacific Ocean Page 13

Oil and Gas Line Pipes

ERW and HFW pipes are made by Vyksa Steel Works. ERW and HFW line pipes manufacturing process

Pipes fully comply with requirements of international standards: -- DIN EN 10217-1,2,3; DIN EN 10219-1(2); -- ISO 3183:2012 -- API 5L 1. Coils examination 2. Uncoiling, leveling 3. Strips slitting 4. Welding 5. Looper and shearing

Oil and gas line pipes are made with diameter of 114–530 mm (4½ - 20”) and wall thickness from 4.0 to 12.7 mm (0.16-0.5”).

Pipes are produced by high-frequency welding from carbon and low-alloy grades: up to X70. 6. Edges preparation 7. Skelp forming 8. HF welding 9. Inside & Outside When pipes are made, they pass multiple-stage non-destructive inspection, acceptance me- weld bead removal chanical tests of base metal and weld and 100% hydraulic pressure test.

All pipes are supplied pre-treated: with local heat treatment of weld or bulk heat treatment.

Pipes pass multiple-stage non-destructive inspection using eddy current flaw 10. UT of weld 11. Seam-annealing 12. Sizing 13. Cutting-to-length 14. Marking detectors, automatic and manual ultrasonic flaw detectors, and mechanical and 100% hydraulic tests.

15. Entire heat treatment 16. Facing and beveling 17. Hidrostatic test (upon agreement)

18. AUT of body, 19. Final inspection 20. Packaging & storage weld & ends of pipe Page 14

OMK, a manufacturer of fittings and pipe valves for line pipes

Products manufactured in pipe mills, fittings, pipeline valves make part of the following chain: PRODUCTION – DEVELOPMENT – PROCESSING – DISTRIBUTION.

RUSSIA

Line pipe production Nizhniy Novgorod Region

Bashkortostan Production Production of pipeline fittings of pipeline valves Chelyabinsk region Page 15

Fittings

Trubodetal, JSC is one of largest Russian and CIS facilities producing pipeline fittings made of carbon and low-alloyed steel grades with diameter 57 – 1420 mm. The plant is one of the key suppliers for oil and gas utility lines construction as well as for mains systems.

Steel grades: 20, 09Г2С, 20А, 20ФА, 09ГСФ, 09СФА, 08ХМФЧА, 13ХФА, 15ХФА, 15ХМФА, 20ХФА, 10Г2ФБЮ, 10Г2СФБ, 06Г1НМФБД.

Trubodetal, JSC plant product range: -- elbows — bends, short radius bends, forged and welded bends -- hot induction bends -- T-pieces — forged, forged and welded; -- reducers and reducing rings; -- caps and bottoms; -- pipeline assemblies; -- stabilizer couplings; -- piping supports; -- manhole hatches, charging chambers; -- nonconventional products; -- corrosion resistant coatings and heat insulation. Page 16

Blagoveschensk Valves Plant

Blagoveshchensk Valves Plant, JSC is one of the largest Russian facilities producing pipeline valves.

The facility produces industrial-scale pipeline fittings and operates with a complete technological cycle – starting from billets to assembling, testing and quality control of finished product. BVP primarily specializes in the manufacture of pipeline valves from carbon, low-alloyed and stainless steel grades, with nominal diameter 25 to 800 mm and nominal pressure 16 to 250 kgf/cm2.

BVP, JSC products: -- casted taper-seat valves; -- TPP fittings; -- spring safety valves; -- fittings in conformity with API; -- change-over valves; -- direct-flow gate valves; -- safety valve units with change-over valves; -- X-tee assemblies; -- swing check valves; -- ball valves.

BVP is a supplier of Russian gas & oil producers and refineries: Gazprom, JSC, Rosnefy, JSC, Lukoil, JSC, Bashneft, JSOC, Surgutneftegas, JSC, Transneft, JSC, Tatneft, JSC and others. Products are supplied to the near-abroad countries: Ukraine, Byelorussia, Kazakhstan, Turkmenistan and Uzbekistan. Page 17

Railroad Wheels

Today, the ОМК forged wheel production complex is the largest in Europe. The Wheel-Rolling Division comprises steelmaking production and solid wheel production. The VSW wheel-rolling shop was started up in 1973. Since 1973, the shop has produced more than 20 million wheels.

The wheel-rolling production of the Wheel-Rolling Division is represented by Vyksa Steel Works’ wheel-rolling shop. Today, the shop’s capacity is 850 thousand wheels a year.

The Works produces more than 140 railroad wheel types with diameters ranging from 760 to 1,098 mm for: -- freight wagons -- passenger wagons -- locomotives -- metro vehicles -- regional trains

As a wheel supplier, OMK has a strong presence in many countries, including the USA, Canada, Poland, Slovakia, the Chech Republic, India, Jordan, South Korea, Bulgaria, Serbia, CIS countries, and etc. A total of 30 countries are the destination of VSW-made wheels. VSW’s main wheel designs received certification from the railroads of North America, India, and Eastern and Central Europe. VSW makes extensive certification efforts, annually obtaining 2 or 3 new certificates from national railroads. © United Metallurgical Company