Notice on coupon payment

Joint Stock Company “Chelyabinsk Pipe Plant” ("Chelpipe") hereby informs that it has arranged for a split payment of interest due on 19 March 2023 ("March 2023 Coupon") under the U.S $ 300,000,000 4.5 per cent. Loan Participation Notes due 2024 (the "Notes") issued by, but with limited recourse to, Chelpipe Finance Designated Activity Company.

On 24 March 2023, Chelpipe has arranged for a transfer of the relevant portion of March 2023  Coupon payable to the Noteholders holding their Notes through the Russian National Settlement Depository ("NSD") and other Russian custodians being the accountholders of foreign nominee holders (the "Other Russian Custodians"). Coupon payments were made to NSD in the amount of Russian Roubles equivalent of US$ 22.5 for every US$ 1,000 of the nominal value of the Notes at the official exchange rate of the Central Bank of the Russian Federation on March 24, 2023 for onward distribution to the relevant Noteholders.

With regard to the payment of March 2023 Coupon to the Noteholders not referred to above, Chelpipe will make a separate announcement in due course.

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