OAO TMK announces that the decisions of the Board of Directors which took place in Moscow on 28 June 2011.

Board of Directors took the following decisions:

1. Chairman of the Board of Directors of OAO TMK Pumpyansky elected DA

2. Elected Secretary of the Board of Directors of OAO TMK

3. Elected members and chairpersons of the Nominating Committee and Compensation Committee, Audit Committee and the Strategic Development Committee of the Board

4. Confirmed by the authorities of the General Director of OAO TMK

5. Approved by members of the Board of OAO "TMK", including:
1) Shiryaev, AG - Chairman of the Board
2) Kaplunov AU
3) AA Klachkov
4) Lyalko AG
5) VB Oborsky
6) TI Petrosyan
7) K. Semerikov
8) Shmatovich VV;

6. Approved the budget for the maintenance of the Board of Directors of OAO TMK

7. Approved the schedule of the Board of Directors of OAO TMK etc.