HMS Group Announced Purchase of GDRs by Controlling Shareholder

OREANDA-NEWS. May 12, 2012. HMS Group (LSE: HMSG)(the “Group”), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces that following a single privately negotiated transaction (the “Transaction”), executed over the counter on May 8, 2012, H.M.S. Technologies Ltd, the controlling shareholder of the Company, has acquired 9,755,000 GDRs of the Company, representing 8.3% of the Company’s issued share capital. The transaction was executed at prevailing market prices.

As a result of the Transaction H.M.S. Technologies Ltd increased its stake in HMS Group up to 71.5% while the members of the Board of Directors of the Company listed below have increased their indirect interest in the Company’s issued share capital up to the following percentages (all figures are rounded to one decimal):

The other 28.5% of the Company’s issued share capital is a free-float of its GDRs available for purchase in the public equity markets by investors.

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.