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TMK Announces Board of Directors Decisions

27.05.2019

TMK, one of the world's leading producers of tubular products for the oil and gas industry, announces that the Board of Directors at its meeting on May 24, 2019 decided to convocate an Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting on June 28, 2019 and recommend the EGM to approve dividends for the first quarter of 2019 in the amount of RUB 2.55 per ordinary share (a total of RUB 2,634,495,183.30, or approximately USD 40.85 mln (1)) and to fix July 18, 2019 as the date on which the list of persons entitled to receive dividends is determined.

The record date for the list of shareholders eligible to participate in the EGM is June 4, 2019.

Payout period for the registered nominal shareholders and trustees, who are professional participants of the stock market, is no later than August 1, 2019 (inclusive). For other registered shareholders payout period is no later than August 22, 2019 (inclusive).

(1) As of May 24, 2019, the Russian Central Bank exchange rate was at 64.4913 RUB/USD.

TMK Announces Board of Directors Decisions



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