Major transactions and related-party transactions

Major transactions

In 2015, no major transactions were made.

Transactions approved by the General Meeting of Shareholders of PAO TMK:
No.	Parties to and beneficiaries of the transaction	Scope and material terms of the transaction	Related parties
1	Buyer – PAO TMK Supplier – PAO TAGMET	Shipments of tubular products Amount: RUB 11,500,000,000 Expiry date: 30 June 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO TAGMET’s Board of Directors
2	Buyer – PAO TMK Supplier – PAO Sinarsky Pipe Plant	Shipments of tubular products Amount: RUB 18,000,000,000 Expiry date: 30 June 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
3	Buyer – PAO TMK Supplier – PAO Seversky Tube Works	Shipments of tubular products Amount: RUB 14,500,000,000 Expiry date: 30 June 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
4	Buyer – PAO TMK Supplier – AO Volzhsky Pipe Plant	Shipments of tubular products Amount: RUB 27,700,000,000 Expiry date: 30 June 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
5	Lender – PAO VTB Bank, Surety – PAO TMK, Beneficiary – AO TMK Trade House	Providing suretyship Amount: RUB 11,972,383,562 Expiry date: 21 Marach 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
6	Lender – PAO TMK, Borrower – PAO Seversky Tube Works	Loan issue Amount: RUB 489,298,699 Maturity period: up to 60 months	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
7	Loan issuing bank – AO ALFA-BANK, Surety – PAO TMK, Beneficiary – AO Volzhsky Pipe Plant	Providing suretyship Amount: RUB 4,512,896,000 Expiry date: 31 December 2023	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
8	Loan issuing bank – AO ALFA-BANK, Surety – PAO TMK, Beneficiary – PAO Sinarsky Pipe Plant	Providing suretyship Amount: RUB 2,820,560,000 Expiry date: 31 December 2023	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
9	Loan issuing bank – AO ALFA-BANK, Surety – PAO TMK, Beneficiary – PAO Seversky Tube Works	Providing suretyship Amount: RUB 2,820,560,000 Expiry date: 31 December 2023	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
10	Loan issuing bank – AO ALFA-BANK, Surety – PAO TMK, Beneficiary – PAO TAGMET	Providing suretyship Amount: RUB 2,820,560,000 Expiry date: 31 December 2023	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO TAGMET’s Board of Directors
11	Lender – PAO TMK, Borrower – AO Volzhsky Pipe Plant	Loan issue Amount: RUB 6,501,589,416 Expiry date: 10 July 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
12	Lender – PAO TMK, Borrower – PAO Seversky Tube Works	Loan issue Amount: RUB 663,118,212 Expiry date: 14 September 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov, are simultaneously members of PAO Seversky Tube Works’ Board of Directors
13	Lender – PAO TMK, Borrower – PAO Sinarsky Pipe Plant	Loan issue Amount: RUB 346,200,329 Expiry date: 15 September 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
14	Surety – PAO TMK, Lender – PAO Sberbank Beneficiary – PAO TAGMET	Providing suretyship Amount: RUB 4,650,000,000 Expiry date: 26 August 2022	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of PAO TAGMET’s Board of Directors
15	Surety – PAO TMK, Lender – PAO Sberbank, Beneficiary – AO Volzhsky Pipe Plant	Providing suretyship Amount: RUB 10,852,636,986 Expiry date: 26 August 2022	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
16	Lender – PAO TMK, Borrower – AO Volzhsky Pipe Plant	Loan issue Amount: RUB 1,823,009,759 Maturity period: up to 60 months	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
17	Lender – PAO TMK, Borrower – AO TMK Trade House	Loan issue Amount: RUB 3,170,057,534 Expiry date: 22 October 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)

Transactions approved by PAO TMK’s Board of Directors:
No	Parties to and beneficiaries of the transaction	Scope and material terms of the transaction	Related parties
1	Supplier – PAO Severstal, Surety – PAO TMK; Beneficiary – AO TMK Trade House	Providing suretyship Amount: RUB 1,500,000,000 Expiry date: 31 March 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
2	Lender – PAO TMK, Borrower – Rockarrow Investments Limited	Loan issue Amount: RUB 7,953,277,640 Expiry date: 36 months from the first repayment date	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of Rockarrow Investments Limited.
3	Buyer – PAO TMK Supplier – AO Orsky Machine Building Plant	Shipments Amount: RUB 850,000,000 Expiry date: 01 March 2015–30 June 2015	BoD/executive bodies members A. Shiryaev, T. Petrosyan, S. Bilan are simultaneously members of AO Orsky Machine Building Plant’s Board of Directors
4	Buyer – PAO TMK Supplier – ZAO TMK-CPW	Shipments Amount: RUB 1,700,000,000 Expiry date: 01 March 2015–30 June 2015	BoD member V. Oborsky is simultaneously a member of ZAO TMK-CPW’s Board of Directors.
5	Agent – PAO TMK, Principal – PAO Sinarsky Pipe Plant	Orders to sell goods, close related-party transactions Amount: RUB 79,000,000 Expiry date: 30 June 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
6	Agent – PAO TMK, Principal – AO Volzhsky Pipe Plant	Orders to sell goods, close related-party transactions Amount: RUB 715,000,000 Expiry date: 30 June 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
7	Agent – PAO TMK, Principal – AO Orsky Machine Building Plant	Orders to sell goods, close related-party transactions Amount: RUB 7,700,000 Expiry date: 30 June 2015	BoD/executive bodies members A. Shiryaev, T. Petrosyan, S. Bilan are simultaneously members of AO Orsky Machine Building Plant’s Board of Directors
8	Agent – PAO TMK, Principal – PAO TAGMET	Orders to sell goods, close related-party transactions Amount: RUB 415,000,000 Expiry date: 30 June 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO TAGMET’s Board of Directors
9	Agent – PAO TMK, Principal – PAO Seversky Tube Works	Orders to sell goods, close related-party transactions Amount: RUB 59,000,000 Expiry date: 30 June 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
10	Agent – PAO TMK, Principal – ZAO TMK-CPW	Orders to sell goods, close related-party transactions Amount: RUB 12,500,000 Expiry date: 30 June 2015	BoD member V. Oborsky is simultaneously a member of ZAO TMK-CPW’s Board of Directors.
11	PAO TMK AO TMK Trade House	Agreement for termination of ordinary partnership agreement (joint operations) Amount: n/a Expiry date: 28 February 2015	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
12	Surety – PAO TMK; Supplier – OAO Magnitogorsk Iron and Steel Works Beneficiary – AO TMK Trade House	Providing suretyship Amount: RUB 4,000,000,000 Expiry date: 31 March 2016	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
13	Surety – PAO TMK; Bank – PAO Sberbank, Beneficiary – OOO TMK CHERMET	Providing suretyship Amount: RUB 1,044,940,274 Expiry date: 26 May 2020	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of OOO TMK CHERMET.
14	Surety – PAO TMK, Debtor – AO TMK Trade House	Surety fee contract for a surety issued by PAO TMK Amount: RUB 13,980,000 Expiry date: 30 October 2017	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
15	Surety – PAO TMK, Debtor – OOO TMK CHERMET	Surety fee contract for a surety issued by PAO TMK Amount: RUB 2,800,000 Expiry date: 26 May 2017	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of OOO TMK CHERMET.
16	Surety – PAO TMK Lender – VTB Bank (Deutschland) A.G. Beneficiary – TMK Europe Gmbh	Providing suretyship Amount: RUB 1,159,535,381.20 Expiry date: 15 June 2016	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of TMK Europe Gmbh.
17	Debtor – PAO TMK, Surety – AO Volzhsky Pipe Plant	Surety fee contract for a surety issued by AO Volzhsky Pipe Plant Amount: RUB 23,300,000 Expiry date: 23 April 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
18	Debtor – PAO TMK, Surety – PAO Seversky Tube Works	Surety fee contract for a surety issued by PAO Seversky Tube Works Amount: RUB 23,300,000 Expiry date: 23 April 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
19	Debtor – PAO TMK, Surety – AO TMK Trade House	Surety fee contract for a surety issued to AO TMK Trade House Amount: RUB 23,300,000 Expiry date: 23 April 2018	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
20	Debtor – PAO TMK, Surety – AO Volzhsky Pipe Plant	Surety fee contract for a surety issued by AO Volzhsky Pipe Plant Amount: RUB 17,878,728 Expiry date: 31 December 2020	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
21	Debtor – PAO TMK, Surety – PAO Seversky Tube Works	Surety fee contract for a surety issued by PAO Seversky Tube Works Amount: RUB 17,878,728 Expiry date: 31 December 2020	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov, are simultaneously members of PAO Seversky Tube Works’ Board of Directors
22	Debtor – PAO TMK, Surety – PAO Sinarsky Pipe Plant	Surety fee contract for a surety issued by PAO Sinarsky Pipe Plant Amount: RUB 17,878,728 Expiry date: 31 December 2020	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
23	Debtor – PAO TMK, Surety – PAO TAGMET	Surety fee contract for a surety issued by PAO TAGMET Amount: RUB 17,878,728 Expiry date: 31 December 2020	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of PAO TAGMET’s Board of Directors
24	Surety – PAO TMK, Bank – Gazprombank (Switzerland) Ltd, Beneficiary – TMK Middle East FZCO	Addendum to a guarantee amending the terms – to reduce the deal size Amount: n/a Expiry date: 28 February 2018	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of TMK Middle East FZCO.
25	Surety – PAO TMK, Bank – Gazprombank (Switzerland) Ltd, Beneficiary – TMK Gulf International Pipe Industry LLC	Providing suretyship Amount: RUB 574,999,665.72 Expiry date: 28 February 2018	Member of the Management Board V. Shmatovich is simultaneously a member of the Board of Directors of TMK Gulf International Pipe Industry LLC
26	Surety – PAO TMK, Debtor – TMK Gulf International Pipe Industry LLC	Surety fee contract for a surety issued by PAO TMK Amount: RUB 3,677,671.20 Expiry date: 28 February 2018	Member of the Management Board V. Shmatovich is simultaneously a member of the Board of Directors of TMK Gulf International Pipe Industry LLC
27	Lender – PAO TMK, Borrower – OOO ТМК R&D Centre	Loan issue Amount: RUB 14,906,332 Expiry date: 15 September 2016	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of OOO ТМК R&D Centre.
28	Surety – PAO TMK, Debtor – AO TMK Trade House	Surety fee contract for a surety issued by PAO TMK Amount: RUB 1,050,000 Expiry date: 31 October 2016	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, V. Oborsky are simultaneously members of AO TMK Trade House’s Board of Directors (V. Oborsky is also CEO of AO TMK Trade House)
29	Depositor – PAO TMK, Depository – AO UniCredit Bank	Depositary Agreement Amount: RUB 3,960,000 per year Expiry date: 12 October 2016 (renewable)	BoD/Management Board members M. Alekseev is simultaneously Chairman of the Management Board of AO UniCredit Bank
30	Surety – PAO TMK, Debtor – PAO TAGMET	Surety fee contract for a surety issued by PAO TMK Amount: RUB 5,250,000 Expiry date: 26 August 2019	BoD/executive bodies members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of PAO TAGMET’s Board of Directors
31	Surety – PAO TMK, Debtor – AO Volzhsky Pipe Plant	Surety fee contract for a surety issued by PAO TMK Amount: RUB 12,250,000 Expiry date: 26 August 2019	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
32	Guarantor – PAO TMK, Bank – Gazprombank (Switzerland) Ltd, Beneficiary – TMK GLOBAL S.A.	Providing suretyship Amount: RUB 747,254,278 Expiry date: until full performance of obligations – 28 February 2018	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of TMK GLOBAL S.A.
33	Surety – PAO TMK, Beneficiary – TMK GLOBAL S.A.	Surety fee contract for a surety issued by PAO TMK Amount: RUB 4,844,000 Expiry date: 28 August 2018	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of TMK GLOBAL S.A.
34	Surety – PAO TMK, Lender – AO RRDB, Beneficiary – AO Volzhsky Pipe Plant	Providing suretyship Amount: RUB 1,984,526,027 Expiry date: 07 October 2017	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
35	Surety – PAO TMK, Debtor – AO Volzhsky Pipe Plant	Surety fee contract for a surety issued by PAO TMK Amount: RUB 5,600,000 Expiry date: 07 October 2017	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
36	Surety – PAO TMK, Debtor – AO Volzhsky Pipe Plant	Surety fee contract for a surety issued by PAO TMK Amount: RUB 19,832,260 Expiry date: 31 December 2020	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov, are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors
37	Surety – PAO TMK, Debtor – PAO Seversky Tube Works	Surety fee contract for a surety issued by PAO TMK Amount: RUB 12,395,163 Expiry date: 31 December 2020	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Klachkov are simultaneously members of PAO Seversky Tube Works’ Board of Directors
38	Surety – PAO TMK, Debtor – PAO Seversky Tube Works	Surety fee contract for a surety issued by PAO TMK Amount: RUB 12,395,163 Expiry date: 31 December 2020	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO Sinarsky Pipe Plant’s Board of Directors
39	Surety – PAO TMK, Debtor – PAO TAGMET	Surety fee contract for a surety issued by PAO TMK Amount: RUB 12,395,163 Expiry date: 31 December 2020	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of PAO TAGMET’s Board of Directors
40	Surety – PAO TMK, Debtor – OOO ТМК R&D Centre	Surety fee contract for a surety issued by PAO TMK Amount: RUB 3,004,904 Expiry date: 31 December 2020	Affiliates of shareholders owning over 20% of shares in PAO TMK hold 20% of the authorised capital of OOO ТМК R&D Centre.
41	Management Company – PAO TMK, Company under Control – AO Volzhsky Pipe Plant	Addendum to agreement on the delegation of powers vested in the company’s sole executive body to the management company PAO TMK Amount: RUB 356,053,200 Expiry date: 31 December 2016	BoD/Management Board members A. Kaplunov, A. Shiryaev, T. Petrosyan, A. Lyalkov are simultaneously members of AO Volzhsky Pipe Plant’s Board of Directors