OREANDA-NEWS. September 26, 2011. TMK, one of the world’s leading oil and gas steel pipe producers, today announces that the OAO “TMK” Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee ballot on November 7th 2011.

The list of shareholders eligible to participate in the EGM and entitled to dividend has been drawn up according to the shareholder registry as of 3 October 2011.

The OAO “TMK” Board of Directors has recommended that shareholders approve interim dividends, for the first 6 months of 2011, of RUR 0.93 per share of the nominal value of RUR 10.

A total of RUR 871,955,067.42 (approximately USD 27 mln.*) will be paid out as dividend by December 30th 2011.

*As of September 23, 2011, the Russian Central Bank exchange rate stood at 31.9106 RUB/USD.