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Press-releases

23.04.2012

HMS Group announces Oil Systems Construction Order by TNK-BP

Moscow, Russia – April 23, 2012 – HMS Group plc (the “Group”) (LSE: HMSG) announces today, that it has signed with TNK-BP an agreement worth more than Rub 590 mn (c.US$ 20 mn).

In accordance with the contract, HMS Group will conduct a complex of engineering and construction works on the Yuzhno-Petyegskoe and Tyamkinskoe oil fields, a part of the Uvat Project, located in the Tyumen region (Western Siberia, Russia).

Under the contract the company will construct a 34-km inter-field oil pipeline and related line facilities, an oil-gathering system and a high-pressure water line.

About TNK-BP: The company is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%.

About HMS Group: The 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 20.5 billion, adjusted EBITDA of Rub 4.3 bn and profit for the period of Rub 2.9 bn for the 9 months ended September 30, 2011. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For more information, please click here or contact:

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

Investor Relations: Sergey Klinkov, Head of Investor Relations
Phone: +7 (495) 730-6601, Klinkov@hms.ru

This communication does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, GDRs or other securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful and, in particular, is not for release, publication or distribution in or into the United States, Australia, Canada, Japan or the Russian Federation.
This announcement is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US securities act of 1933, as amended (the “Securities Act”). The HMS Group has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.
This communication is only being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “Relevant Persons”). The securities referred to in this announcement are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.


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