03.07.2012

S&P confirms HMS’ corporate rating at “BB-“

Moscow, Russia – July 2, 2012 – HMS Group (LSE: HMSG) today announces that Standard & Poor’s Ratings Services confirmed the long-term corporate rating of the company at “BB-“ with “Stable” outlook  on June 29, 2012.

According to the agency, the rating reflects its view that the Group should continue benefiting from the currently healthy market fundamentals for pumps and flow control solutions in Russia.  S&P believes that HMS Group will be able to maintain its EBITDA margins in the mid-teen level and manage the order backlog successfully.

Initially S&P assigned the HMS Group corporate rating of “BB-“with “Stable” outlook in June 2011.

Responding to S&P's comments, Chief Financial Officer,  First Deputy General Director and Co-founder of HMS Group, Kirill Molchanov said: ‘We are pleased  to have maintained our rating, which serves as another proof of the Group`s sustainable development.  It is the impartial appraisal of HMS` ability to build up a healthy backlog and appreciation of our consistent performance in the current adverse economic climate.”

For more information, please contact:

Investor Relations: Inna Kelekhsaeva, Deputy Head of Investor Relations
Phone: +7 (495) 730-6601 x 1318, Kelekhsaeva@hms.ru

Media Relations: Nozima Karimova, Head of Press Service
Phone: +7 (495) 730-6610, Karimova@hms.ru

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. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of Rub 7.3 billion, adjusted EBITDA of Rub 1.4 billion and profit for the period of Rub 485 million for the 3 months ended March 31, 2012. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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