16.03.2012

HMS Group executive takes part in the meeting of business community with the Presidents of Ukraine and Turkmenistan

Vladimir Yamburenko – the Managing Director of Nasosenergomash, a subsidiary of HMS Group, took part in the meeting of Presidents of Ukraine and Turkmenistan with Ukrainian business community representatives. The meeting was a part of Turkmenian President Mr. Berdimukhamedov`s state visit to Ukraine and was held in roundtable format on 13 March 2012 in Kiev.

At the meeting the participants discussed the various issues of cooperation in fuel and energy, agriculture, metallurgy, transport and other industries.

In his address at the roundtable discussions Mr. Yamburenko elaborated on the specifics of HMS Group activity in Turkmenistan through the example of the turn key project for the construction of water pumping station at the Yylgynagyz water channel in Lebap province of Turkmenistan.

The President of Turkmenistan expressed a high opinion on the quality of HMS services. Mr. Berdimukhamedov personally attended the pumping station commissioning during his visit to the Lebap province in February 2011.

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 20 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 3 billion for the nine months ended September 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.