NEW YORK, October 16, 2009 — BNY Mellon, the global leader in asset management and securities servicing, has been appointed by OAO TMK (TMK) as depositary for its American depositary receipt (ADR) program. Each TMK ADR represents four ordinary shares and trades on the over-the-counter (OTC) market in the U.S. TMK previously had a Rule 144A/Regulation S global depositary receipt program with BNY Mellon, which was first established in November of 2006.

TMK is a manufacturer and exporter of pipe products in Russia, the U.S. and other countries. The company produces a wide range of pipe products used in the oil-and-gas, chemical, petrochemical, energy and machine-building industries, construction and housing, shipbuilding, aviation, space and rocket equipment, and agriculture. TMK's output consists of seamless and welded threaded pipes for the oil-and-gas industry, seamless and welded line pipes, large-diameter long-distance welded pipes, and industrial-use seamless and welded pipes.

"As the leading depositary bank in Russia, supporting more Russian issuers than all other depositaries combined, BNY Mellon has the experience and expertise to meet the needs of sophisticated companies like TMK," said Michael Cole-Fontayn, chief executive officer of the BNY Mellon's Depositary Receipts business. "As OTC ADR investing continues to grow, we look forward to helping TMK increase its international profile further in the years ahead."

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.bnymellon.com/dr.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at bnymellon.com.

This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.