26.09.2011

Five subsidiaries of HMS Group were granted the status of permanent partner of TNK-BP

HYDROMASHSERVICE, Giprotyumenneftegaz, HMS Neftemash, Nizhnevartovskremservice and Dimitrovgradkhimmash, comprising HMS Group, were granted the status TNK-BP Holding permanent partner. This status certifies the fact that TNK-BP considers these companies as qualified suppliers and contractors and the cooperation with them helps the Holding to achieve high performance indicators.

The status of permanent partner gives an advantage in distribution of additional orders as well as gives the termless status of pre-qualified contractor. In cooperation with permanent partners the Holding launches different technical and educational programs.

The status of permanent partner is the logical recognition of successful cooperation between HMS Group enterprises and TNK-BP Holding. During 2010 and 6 months of 2011 HMS Group enterprises have delivered different types of oil and gas equipment for the total cost of more than 1.5 bln RUB.

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. The Group reported revenues of RUB 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.