Related Party Transactions

All translations with interested parties were carried out on market conditions.

Transactions approved by the General Meeting of Shareholders of OAO TMK

# Parties to the Transaction Subject of the Transaction and Main Terms Related Parties
1 Bank — OAO Bank VTB;
Applicant — OAO Volzhsky Pipe Plant,
Guarantor — OAO TMK
Guarantee of security to fulfill obligations of the applicant in the amount of RUB 132,274,426.
Period — 17.06.2011
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G.
2 Principal — OAO Volzhsky Pipe Plant,
Guarantor — OAO TMK;
Bank — OAO Bank VTB
Guarantee to secure the obligations of the Principal according to guarantee.
Amount RUB 2,442,430
Period: 05.10.2013
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G.
3 Creditor — OAO Bank VTB,
Borrower — OAO TMK
Credit agreement(s) Amount: no more than RUB 2,757,856, 600
Period: 23.03.2015
Members of the Board of Directors Eskindarov, M.A.
4 Bank — OAO Bank VTB,
Guarantor — OAO TMK
Applicant — OAO Seversky Tube Works
Guarantee to the bank to secure obligations of the Applicant on L.C. for the amount of — RUB 310,355 993.
Period: up to 730 days
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A., Shiryaev, A.G.;

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
5 Bank — OAO Bank VTB
Guarantor — OAO TMK;
Principal — ZAO TMK Trade House
Under agreement(s) for a bank guarantee, provide a guarantee to the bank to secure the obligations of the Principal to reimburse the Bank those amounts paid by the Bank under the Guarantee.
Amount: RUB 473,704,143
Period: up to 06.05.2014
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
6 Lender — OAO TMK,
Borrower — ZAO TAGMET
Loan Agreement
Amount — RUB 430,000,000.
Period: 24.08.2011
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Shiryaev, A.G.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
7 Lender — OAO TMK,
Borrower — OAO Volzhsky Pipe Plant
Loan Agreement
Amount — RUB 700,000,000.
Period: 24.08.2011
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Shiryaev, A.G.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
8 Creditor — OAO MDM
Guarantor — OAO TMK,
Borrower — ZAO TMK Trade House
Guarantee to secure the obligations of the Borrower on credit line agreement(s) or credit agreements.
Amount of all loans: no more than RUB 1,850,000,000 + interest of no more than 12% annually
Period: 17.08.2011
Members of the Board of Directors: Kaplunov, A.Yu. Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
9 Lender — OAO TMK,
Borrower — OAO Seversky Tube Works
Loan Agreement
Amount: RUB 1,000,000,000
Period: 27.10.2011
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Shiryaev, A.G.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
10 Creditor — OAO Uralsib;
Guarantor — OAO TMK;
Borrower — ZAO TMK Trade House
Guarantee agreement to secure the obligations of the Borrower on credit line agreement(s).
Amount — RUB 4,000,000,000 (four billion).
Period: 09.05.2015
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
11 Creditor — OAO Sberbank of Russia,
Guarantor — OAO TMK;
Borrower — OAO Seversky Tube Works
Guarantee agreement to secure the obligations of the Borrower on the agreement(s) to open a credit line.
Amount — RUB 3,000,000,000 (three billion).
Period: 28.09.2018
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
12 Creditor — OAO Sberbank of Russia,
Guarantor — OAO TMK;
Borrower — ОАО TAGMET
Guarantee agreement to secure the obligations of the Borrower on the agreement(s) to open a credit line.
Amount — RUB 3,000,000,000.
Period: 28.09.2018
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
13 Creditor — OAO Sberbank of Russia,
Guarantor — OAO TMK;
Borrower — OAO Sinarsky Pipe Plant
Guarantee agreement between OAO TMK and VTB Bank to secure the obligations of OAO Sinarsky Pipe Plant to VTB Bank on the agreement(s) to open a credit line.
Amount — RUB 4,000,000,000.
Period: 28.09.2018
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
14 Bank — OAO Bank VTB,
Guarantor — OAO TMK;
Principal — ZAO TMK Trade House
Under agreement(s) for a bank guarantee, provide a guarantee to the bank to secure the obligations of the Principal to reimburse the Bank those amounts paid by the Bank under the Guarantee.
Amount: RUB 492,794,407,
Period: 06.05.2014
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
15 Creditor — OAO Uralsib
Guarantor — OAO TMK;
Borrower — ZAO TMK Trade House
Guarantee agreement to secure the obligations of the Borrower on the agreement(s) to open a credit line.
Amount — RUB 3,986,666,657.
Period: 09.05.2015
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.

Transactions approved by the Board of Directors of OAO TMK

# Parties to the Transaction Subject of the Transaction and Main Terms Related Parties
1 Creditor — OAO Bank VTB,
Guarantor — OAO TMK;
Borrower — OAO OMZ
Guarantee to the creditor for the full amount of obligations of the Borrower
Amount: no more than RUB 50,728,860.
Period: 16.03.2015
Member of the Board of Directors Eskindarov, M.A.
2 Creditor — OAO Bank VTB,
Guarantor — OAO TMK;
Borrower — OAO Sinarsky Pipe Plant
Guarantee to creditor for the full amount of obligations of the Borrower
Amount — RUB 144,111,006
Period: 30.01.2013
Members of the Board of Directors: Pumpyanskiy, D.A., Kaplunov, A.Yu., Eskindarov, M.A., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
3 Creditor — OAO Bank VTB,
Guarantor — OAO TMK;
Borrower — ZAO TMK Trade House
Guarantee to the creditor for the full amount of obligations of the Borrower in accordance with the terms of trade announced by OAO Transneft
Amount: RUB 3,000,000
Period: 01.05.2013.
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
4 Bank — OAO Bank VTB;
Guarantor — OAO TMK;
Principal — ZAO TMK Trade House
Under agreement(s) for a bank guarantee, provide a guarantee to the bank to secure the obligations of the Principal to reimburse the Bank those amounts paid by the Bank under the Guarantee.
Amount: RUB 966,498,550
Period: 16.07.2013
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Eskindarov, M.A

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
5 Pledgor — Bravecorp Limited
Borrower — OAO TMK,
Creditor, pledge holder — OAO Bank VTB
Supplementary Agreement to Agreement dated 03.08.2009 on remuneration of the securities for obligations. The Borrower is required to pay compensation to the pledge holder for providing in security to the Creditor 25% +1 share of the Borrower belonging to the pledge holder as security for the obligations of the Borrower to the Creditor.
Amount: RUB 355,886,400.
Period: up to 1,095 days from the day the Credit Agreement went into force.
Member of the Board of Directors Khmelevsky, I.B.
6 Creditor — ZAO Surgutneftegazbank
Guarantor — OAO TMK,
Borrower — ZAO TMK Trade House
Guarantee agreement to secure the obligations of the Borrower on the credit agreement
Amount: no more than RUB 800,000,000. + interest no more than 8.75% annual
Period: 06.09.2011
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
7 Creditor OAO MDM
Guarantor — OAO TMK,
Brorrower — OAO Volzhsky Pipe Plant
Guarantee to secure the obligations of the Borrower on credit line agreement(s) or credit agreements
Amount of all loans: no more than RUB 2,000,000,000. + interest no more than 10% annual
Period: 28.03.2011
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
8 OAOTMK OAO Sinarsky Pipe Plant Supplementary Agreement to the agreement on the transfer to OAO TMK of the powers of sole executive body of OAO Sinarsky Pipe Plant, which stipulates the extension of the powers of sole executive body and an increase in the costs of the service
Amount: RUB 538,080,000
Period: 01.01.2013
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G., Pumpyanskiy, D.A.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
9 OAO TMK
OAO Seversky Tube Works
Supplementary Agreement to the agreement on the transfer to OAO TMK of the powers of sole executive body of OAO Seversky Tube Works, which stipulates the extension of the powers of sole executive body and an increase in the costs of the service
Amount: RUB 538,080,000
Period: 01.01.2013
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
10 OAO TMK
OAO TAGMET
Supplementary Agreement to the agreement on transfer to OAO TMK of the powers of sole executive body of OAO TAGMET, which stipulates the extension of the powers of the sole executive body and an increase in the costs of the service
Amount: RUB 538,080,000
Period: 01.01.2013
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
11 OAO TMK
OAO Volzhsky Pipe Plant
Supplementary Agreement to the agreement on transfer to OAO TMK of the powers of sole executive body of OAO Volzhsky Pipe Plant, which stipulates the extension of the powers of the sole executive body and an increase in the costs of the service
Amount: RUB 538,080,000
Period: 01.01.2013
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G.
12 State Corporation RUSNANO, OAO TMK, OAO Sinarsky Pipe Plant, OOO TMK-INOX. Investment agreement.
Amount: RUB 2,650,000.
Period: to the date of termination of the agreement
Member of the Board of Directors Eskindarov, M.A.
13 Creditor — Unicredit Tiriac bank S.A.,
Guarantor — OAO TMK
Borrower—SC TMK — Resita
Guarantee to secure the fulfillment of obligations by the Borrower
Amount: RUB 802,008,900
Period: 30.07.2011
Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
14 Guarantor — OAO MDM Bank
Principal — ZAO TMK Trade House
Guarantor — OAO TMK
Guarantee to the Guarantor on obligations of the Principal on agreements on the provision of bank guarantees
Amount RUB: 1,850,000,000
Period: 17.02.2011
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G.,

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
15 Lender — OAO TMK
Borrower — OAO TAGMET
Loan Agreement
Amount: RUB 1,500,000,000
Period: 27.10.2011
Members of the Board of Directors: Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I.
16 Lender — OAO TMK
Borrower — OAO Volzhsky Pipe Plant
Loan Agreement
Amount: RUB 1,500,000,000
Period: 27.10.2011
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G.
17 Lender — OAO TMK
Borrower — OAO Volzhsky Pipe Plant
Loan Agreement
Amount: RUB 1,400,000,000
Period: 01.12.2013
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G
18 Lender — OAO TMK
Borrower — OAO Volzhsky Pipe Plant
Loan Agreement
Amount: RUB 1,600,000,000
Period: 01.12.2013
Members of the Board of Directors: Pumpyanskiy, D.A, Kaplunov, A.Yu., Shiryaev, A.G.

Members of the Management Board: Semerikov, K.A., Petrosyan, T.I., Lyalkov, A.G