TMK (LSE:TMKS), one of the world’s leading producers of steel pipes for the oil and gas industry, today announces that the OAO “TMK” Board of Directors has decided to convene an Annual General Meeting of Shareholders (AGM) on June 22nd 2010 in Moscow.

The OAO “TMK” Board of Directors nominated members of the Board of Directors and members of the Internal Audit Commission. It also approved the following AGM agenda:

- approval of the annual report and financial statements for the year 2009,

- distribution of the Company’s profit for the year 2009,

- election of members of the Board of Directors,

- election of members of the Internal Audit Commission,

- approval of the Company’s auditor,

- approval of related party transactions

The OAO “TMK” Board of Directors has also recommended that shareholders take a decision not to pay dividend for 2009.