Major Transactions
(approved by the Board of Directors of OAO TMK)
| # | Parties to the Transaction | Subject of the Transaction and Essential Conditions |
|---|---|---|
| 1 | Lender — TMK Bonds SA; Borrower — OAO TMK |
The Lender transfers the ownership of the funds with interest payments to the borrower. The size of the transaction in monetary terms: RUB 16,121,134,807. Deadline for the fulfillment of obligations under the transaction: Feb. 10, 2015 |
| 2 | Guarantor — OAO TMK; Issuer — special purpose company TMK Bonds SA.; Trustee -Deutsche Trustee Company Limited |
Guarantee for fulfillment of obligations of the issuer to place 4,125 convertible Eurobonds with a nominal value of U.S.$ 100,000 each with a maturity in 2015. Size of the transaction in monetary terms: RUB 12,476,557,500; Deadline for the fulfillment of obligations under the transaction: Feb. 11, 2015 |