20.06.2016

HMS Group signs Rub 2.1 bn oil & gas equipment contract

Moscow, Russia – HMS Group announces today that it has signed a contract for delivery and installation of a formation-fluid and low-temperature separation unit worth Rub 2.1 bn.

In accordance with the contract, the company will deliver this integrated solution on the customer’s site. The unit, made up of inlet formation-fluid separators, heavy condensate separators, heavy condensate degassers, low-temperature separators, heat exchangers, etc., will be manufactured by HMS Neftemash and installed at an oil and gas condensate deposit, located in West Siberia. The project is to be completed in 2017.

HMS Group (LSE: HMSG) 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, providing pumps, oil & gas equipment and compressors. 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