OAO «TMK» (TMK) announces that the Annual General Meeting of the Company Shareholders was held in Moscow on June 22, 2010.

Shareholders approved the annual report and financial statements for the 2009 financial year as well as elected the Board of Directors and the Audit Commission. OOO «Ernst&Young» was approved to be OAO «TMK» auditor. Shareholders also voted against the payment of 2009 dividends.

Mukhadin Eskindarov, Andrey Kaplunov, Igor Khmelevskiy, Josef Marous, Sergey Papin, Thomas R. Pickering, Dmitriy Pumpyanskiy, Geoffrey Townsend, Alexander Shiryaev and Alexander Shokhin were elected to the Board of Directors.

TMK’s 2009 Annual Report is accessible online at https://www.tmk-group.com/AnReports.php and will be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 North Colonnade

Canary Wharf

London

E14 5HS