31.03.2016

HMS Group signs Rub 3.1 bn contracts

Moscow, Russia – HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as a 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, announces today that it has signed Rub 3.1 bn contracts for delivery and installation of technologically integrated solutions for two Siberian gas fields. 

In accordance with the contracts, the company will deliver complex integrated solutions for pumping of natural gas liquids and pumping of oil, wash-down water and rust preventive chemical. All units will be delivered by HMS Neftemash. These contracts are a follow-up to another project successfully completed recently.

Contracts are expected to be largely completed by the end of 2016.

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:

Inna Kelekhsaeva
Deputy Head of Capital markets
Tel: +7 (495) 730-66-01 x 1318
kelekhsaeva@hms.ru
Anna Obotnina
Head of Marketing communications
Tel: +7 (495) 730-66-01 x 3304
obotnina@hms.ru