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CORPORATEPRESENTATION

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OMK is a high technology integrated manufacturer of steel, rolled products, pipes, pipeline valves and fittings, railway wheels and automotive springs.

We make products that allow our customers to transport energy, cargo and people safely and efficiently.

OMK’s strategic partners are the leading Russian and international oil and gas, transportation and engineering companies.

OMK’s products are shipped to 30 countries worldwide. Russia is our key market.COUNTRIES

WORLDWIDE

COMPANY PROFILE

30

3

CLIENTS

12%

20%

15%

68%

54%

32%

1 2

17%

23%

PIPELINEVALVES

PIPELINEFITTINGS

OIL AND GAS AND SPECIAL PIPES

AUTOMOTIVESPRINGS

RAILWAYWHEELS

LARGE DIAMETER PIPES

OMK CONTRIBUTESTO THE DEVELOPMENTOF THE RUSSIAN ECONOMY

OMK’S SHAREOF THE RUSSIAN MARKET IN 2014

ST PLACE ND PLACE SIGNIFICANTMARKET SHARE

PIPESIN GENERAL

CASINGPIPES

OMK IS A LEADING PRODUCER OF STEEL AND PIPES

We are the largest supplier of pipes for the major gas pipelines and we produce more than half of the railway wheels and almost two-thirds of the automotive springs on the Russian market.

We are ranked first in Europe by volume in large diameter pipes, railway wheels and automotive springs produced.

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RUSSIA

MoscowVyksa Steel WorksVyksa

Almetyevsk

Chusovoy

Blagoveshchensk

Chelyabinsk

Casting and Rolling Complex

USA

VYKSA STEEL WORKS(Nizhny Novgorod Region, an OMK company since 1999)

CASTING AND ROLLING COMPLEX(Nizhny Novgorod Region, built by OMK in 2008)

BLAGOVESHCHENSK VALVES PLANT(Republic of Bashkortostan, an OMK company since 2013)

TRUBODETAL PLANT(Chelyabinsk, an OMK company since 2005)

ALMETYEVSK PIPE PLANT(Republic of Tatarstan, an OMK company since 2002)

CHUSOVOY STEEL PLANT(Permsky Kray, an OMK company since 2003)

OMK TUBE(Houston, USA, built by OMK in 2013)

OMK GEOGRAPHY

>27 000NUMBEROF OUR EMPLOYEES

OUR PLANTSARE EXAMPLESOF DYNAMICDEVELOPMENT

Almetyevsk Pipe Plant

Chusovoy Steel Plant

Blagoveshchensk Valves Plant

Trubodetal

OMK Tube Houston

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TRUSTED SUPPLIER FOR PIPELINE PROJECTS

OMK PIPESARE USEDIN ALL MAJOR PIPELINES

OUR PRODUCT SHARE IN MANY PROJECTSEXCEEDSA THIRD OF THE OVERALL VOLUME

460

60085

000TONSOFPIPES

KMSOFPIPES

000TONSOFPIPES

Nord Stream

Turkish stream**

Vyborg ———————Greifswald

230000TONSOFPIPES

Eastern Siberia — Pacific Ocean

Tayshet ——————— Kozmino

385000TONSOFPIPES

Central Asia — China

Gedaim———————Horgos

Anapa — — — — — — — — — — — — — Turkey

Kirishi ———————Primorsk

355000TONSOFPIPES

Sakhalin——Khabarovsk——Vladivostok

Sakhalin — Khabarovsk — Vladivostok

300000TONSOFPIPES

Bovanenkovo ———————Ukhta

Bovanenkovo — Ukhta Baltic Pipeline System

22000TONSOFPIPES

Dzhubga-1 AGDS———Adler AGDS

Dzhubga — Lazarevskoye — Sochi

* Production and supplies still underway.** Under development

30000TONSOFPIPES

Power of Siberia*

Kovykta and Chayanda fields — — — Khabarovsk

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RAILWAYWHEELS(THOUSAND PIECES)

OIL AND GASPIPES AND TUBES*

(THOUSAND TONS)

20142013

20142013

20142013

20142013

1058

800

1029

920450

661

873

797

LARGE DIAMETERPIPES(THOUSAND TONS)

CRC PRODUCTS (COILS AND SHEETS)(THOUSAND TONS)

* Production facilities of the OGP Division, including D508 mm and 530 mm pipes, VSW Pipe Shop 3.

OPERATIONAL RESULTS

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PIPELINE VALVES(THOUSAND TONS)

AUTOMOTIVE SPRINGS(THOUSAND TONS)

20142013

20142013

20142013

19

136,4

7

55

59

PIPELINE FITTINGS(THOUSAND TONS)

OPERATIONAL RESULTS

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FINANCIAL RESULTS

REVENUEBILLION RUBLES

TOTAL REVENUEPERCENTAGE SHARE

EBITDABILLION RUBLES

NET PROFIT/LOSSBILLION RUBLES

20142013

20142013

20142013

129

105 25

20,5-13

3

LARGE DIAMETER PIPES DIVISION

OIL AND GAS PIPES DIVISION

PIPELINE FITTINGS AND VALVES DIVISION

RAILWAY WHEELS DIVISION

APP DIVISION

CHUSOVOY DIVISION

NORTH AMERICA DIVISION

OTHER

40

28

6

54

3

12

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OMK’s current production structure

DIVISIONS PLANTS PRODUCTION

LARGE DIAMETER PIPES DIVISION VYKSA STEEL WORKS Large diameter pipesHot rolled wide sheets

OIL AND GAS PIPES DIVISION VYKSA STEEL WORKS, CASTING AND ROLLING COMPLEX

Oil and gas pipesWater supply pipes. Casing pipesShaped pipesHot rolled sheets

APP DIVISION ALMETYEVSK PIPE PLANTOil and gas pipesWater supply pipesShaped pipes

TRUBODETAL,BLAGOVESHCHENSK VALVES PLANT*

Pipeline fittingsPipeline valves

RAILWAY WHEELS DIVISION VYKSA STEEL WORKS Railway wheels

CHUSOVOY DIVISION CHUSOVOY STEEL PLANT SpringsIron sections

NORTH AMERICA DIVISION OMK TUBE OCTGPlain end pipes

OMK DIVISIONALSTRUCTURE

WE SEEK TO BECOMETHE MOST EFFICIENT COMPANY IN THE RUSSIAN STEEL INDUSTRY

* Directors of Trubodetal and Blagoveshchensk Valves Plant report directly to the OMK President.

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STRATEGICAREAS

INCREASING OPERATING EFFICIENCY

RETAINING POSITION AND INCOME IN TRADITIONAL MARKET SECTORS

EXPANDING PRODUCT RANGE TO NEW PRODUCT SECTORS

STRATEGY

EFFICIENTIN-HOUSEPRODUCTION

PACKAGEDPROPOSAL

EFFICIENT BUSINESS MODEL

+=

OMK’S GOAL ISTO BECOMEA SUPPLIER OF INTEGRATED SOLUTIONS FOR THE OIL AND GAS INDUSTRY

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INVESTMENTS

THICK PLATE MILL-5000 (2008-2011)

ULTRAMODERN LDP FABRICATION LINES (2005)

RECONSTRUCTION OF THE VSW RAILWAY WHEEL FACILITY

MODERNISATION OF THE FITTINGS PRODUCTION FACILITIES

DEVELOPMENT OF THE PIPELINE VALVES PRODUCTION FACILITIES

CONSTRUCTION OF RUSSIA’S FIRST HIGH-SPEED RAILWAY WHEEL FABRICATION LINE

INTEGRATED CASTING AND ROLLING COMPLEX (2005-2008)

MODERNISATION OF THE MDP PRODUCTION FACILITIES

INVESTMENTSBILLION RUBLES

R&D COSTSMILLION RUBLES

180BILLIONRUBLES

TOTALINVESTMENTS IN 2002-2014

MAJOR INVESTMENT PROJECTS

20142013

20142013

* In 2014, R&D costs declined due to the scheduled increase in the share of research and development carried out by OMK’s in-house engineering and technical centres. This was facilitated by the creation of the Centre of Research Laboratories at the Vyksa

production site, which has the most advanced equipment.

11,516,1

119*

128,8

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PROCUREMENT

Operational procurement of goods, work and services are the responsibility of our plants’ procurement departments. OMK’s procurement department performs methodology functions, control and development.

>90>6000 >50 000

KEY NUMBERS

OUR PROCUREMENTPRINCIPLES ARE AS FOLLOW:

TRANSPARENCY

COOPERATION

COMPETENCE

COMPETITIVENESS

RESPONSIBILITY OVERALL PROCUREMENT COST BILLION RUBLES PER YEAR

ITEMS PROCUREDSUPPLIERS

Supplier’s self sign-up in the corporate SRM system: anyone can become our supplier!

E-procurements in the SRM system. Every supplier who signs up (and is approved) is automatically invited to take part in procurement procedures.

We make the most expensive procurements via tender.

WE OFFER OUR SUPPLIERS THE FOLLOWING MODERN PROCUREMENT TOOLS

IN PARTNERSHIP WITH OUR SUPPLIERS, WE ADHERE TO THE FOLLOWING PRINCIPLES:

OPENNESS

FAIRNESS

DEVELOPMENT

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Shar

e of

impo

rted

LDPs

in R

ussia

n pi

pelin

e pr

ojec

ts

OMK contributed significantly to the substitution of imports of large diameter pipes. In 2005, the company built the country’s first “Russian Size” LDP facility.

2005 2011 2013 2015

SYSTEMATIC IMPLEMENTATIONOF LDP IMPORT SUBSTITUTION IN RUSSIA

FULL IMPORTSUBSTITUTION OF LARGEDIAMETER PIPES

‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 c 2014

OMK has built the coun-try’s first “Russian size” LDP production line. Production of straight line seam welded pipes with diameters up to 1420 mm has begun in Russia.

We created our own production of pipe sheets. Launch of the Heavy Plate Mill-5000 at VSW to provide LDP lines with raw materials.

Long-term contract for the supply of Russian-made slabs was signed in order to provide stable quality and production supply.

We began to apply our own, in-house developed corrosion-resistant coatings to pipes.

WE CREATED THE WORLD’S FINEST INTEGRATED LARGE DIAMETER PIPE PRODUCTION

TODAY’S RUSSIAN OIL AND GAS COMPANIES USE ALMOST NO IMPORTED LDP’S

37%

31%

16%14%

4% 4%

11%

15%

1% 2%0%

“FROM ORE INTO PIPE” DOMESTIC PRODUCTIONALL RUSSIAN LARGE DIAMETER PIPES, PARTICULARLYFOR THE POWER OF SIBERIA PROJECT, ARE MADE TOTALLY FROM RUSSIAN MATERIALS

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WE SUPPORT DISADVANTAGED GROUPS, CHILDREN IN DIFFICULT LIFE SITUATIONS, YOUTH AND THE ELDERLY IN THE REGIONS WHERE THE COMPANY MAINTAINS A PRESENCE

WE SUPPORT EDUCATIONAL PROGRAMMES AND INSTITUTIONS

WE SPONSOR BLOOD DONATION INITIATIVES

WE SUPPORT PROJECTS INTENDED TO REVIVE CULTURAL HERITAGE SITES AND PROMOTE CURRENT TRENDS IN CONTEMPORARY CULTURE AND ART

SOCIAL INVESTMENTSIN 2011-2014

CORPORATE CITIZENSHIP AND CHARITY

OUR CHARITYDIRECTIONS:

IN 2014, WE SPENT 1 MILLION RUBLES ON SOCIAL PROJECTS FOR EVERY 5 THOUSAND TONS OF OUR PRODUCTION

2 BILLION RUBLES

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CHARITY FUND

>1000>31

FAMILIES

MILLION RUBLES

THE OMK-UCHASTIE CHARITY FUND WAS LAUNCHED BY SHAREHOLDERS AND EMPLOYEES OF THE COMPANY AND IS FUNDED BY THEM AS WELL

In 2009-2014, our employees assisted over 1,000 needy families through an expenditure of 31 million rubles through the OMK-Uchastie charity fund

TARGETED AID TO SERIOUSLY AND TERMINALLY ILL CHILDREN

DEVELOPMENT OF EDUCATION AND MEDICAL PRACTICES: Creation of a website on child oncology with educational modules

for doctors and nurses Regular charity events at SRI of Child Oncology and Haematology (N.N. Blokhin ROSC). Annual congress of child oncologists, etc.

COLLABORATION WITH INSTITUTIONS: CHILDREN FROM SOCIALLY DISADVANTAGED FAMILIES OR THOSE WHO ARE LEFT WITHOUT PARENTS’ CARE ARE EDUCATED OR CURED: Orphanages, correctional schools in regions where OMK operates

ART OVRAG — NEW URBAN CULTURE FESTIVAL IN VYKSA (NIZHNY NOVGOROD REGION)

PROTECTING CHILDHOODAND FAMILY

DIRECTIONS:

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ОМК28/2, Ozerkovskaya embankmentMoscow, Russia, 115184

+7 (495) 231-77-71+7 (495) 231-77-72press@omk.ruwww.omk.ru