OREANDA-NEWS. At an Extraordinary General Meeting of Shareholders (EGM), which took place on March 2, 2007, in the form of a postal vote, the shareholders of ОАО TMK (“TMK” or “the Company”) duly approved the TMK Option Program. The resolution was supported by 84,7245% of votes cast.

According to the press service of the company, TMK’s Option Program provides for the purchase of shares by members of the Board of Directors and senior management of the Company of up to 1,1% of the total issued ordinary share capital of TMK within the next three years.