ChelPipe’s overall strategic objectives are to strengthen its leading position as a steel pipe producer for the Russian market and to become a leading supplier of integrated solutions for oil and gas distribution and production in Russia.

To advance its objective, ChelPipe plans to pursue the following strategies:

• enhance leading position in Russian LDP market
• leverage integrated platform to become a supplier of «turn-key» LDP pipeline solutions to Russian pipeline sponsors
• expand sales of high margin OCTG and Line Pipe to the Russian oil and gas industry
• leverage platform to become a provider of a fully integrated package of oil well products and services to the Russian oil and gas industry

ChelPipe Competitive Strengths:

• leading Russian pipe producer in afast-growing market
  
• wide range of pipe products for oil and gas and industrial applications
• high-quality customer base within the Russian oil and gas sector
• modern production facilities
• favorable cost structure
• ability to offer comprehensive LDP pipeline solutions and oilfield services
• experienced management with proven track record and modern business practices

ChelPipe is committed to providing an excellent service to its shareholders and. We are at your disposal for any questions or comments. If you have any queries, please contact our IR department http://www.chelpipe.com/en/for_shareholders/investor_contacts/