22.05.2014

HMS Group enters into a strategic cooperation agreement with Gazprom Neft


Moscow, Russia – HMS Group and Gazprom Neft today signed a 5-year strategic cooperation agreement during Saint-Petersburg International Economic Forum.

The agreement provides for both parties to deepen strategic cooperation in the field of delivery of oil&gas and pumping equipment produced by HMS Group companies for modernization and development projects of Gazprom Neft companies. In addition, the document contains regulations regarding the exchange of information on present and upcoming products and solutions of HMS Group and the estimated demand of Gazprom Neft companies for equipment, technologies and integrated solutions.

Managing director (CEO) of HMS Group Artem Molchanov commented:

«For more than ten years our companies have been long standing partners collaborating on a large number of projects. This agreement is in the best interest for both of our companies. We believe that further development of our strategic partnership with Gazprom Neft- one of the largest and leading oil&gas companies in Russia- will contribute to our joint efforts on design and promotion of up-to-date energy-efficient equipment and technologies developed by HMS Group for oil&gas industry».


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HMS Group is the leading pump and compressor manufacturer, as well as 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. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For further information, please contact:

Vera Timoshenko
Head of Investor Relations
Tel: +7 (495) 730-66-01 x 1302
ir@hms.ru

Nozima Karimova
Head of Press Service
Tel: +7 (495) 730-66-10
karimova@hms.ru

Disclaimer

The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the presentation. External or other factors may have impacted on the business of HMS Group and the content of this presentation, since its preparation. In addition all relevant information about HMS Group may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.

Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This presentation should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements.

This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.