OREANDA-NEWS. September 21, 2012. TMK, one of the world’s leading oil and gas steel pipe producers, today announces that OAO TMK Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee voting on November 2, 2012.

The record date for the list of shareholders eligible to participate in the EGM and entitled to dividends is September 27, 2012.

OAO TMK Board of Directors has recommended that shareholders approve interim dividends for the first six months of 2012 of RUR 1.50 per share of the nominal value of RUR 10.

A total of RUR 1,406,379,141 (approximately USD 45.6 mln.*) will be paid out as dividend by December 28, 2012.

Consolidated IFRS net income for the first six months of 2012 was USD 182 million.

*As of September 20, 2012, the Russian Central Bank exchange rate stood at 30.8634 RUB/USD.