HMS Group completes delivery of pumping equipment to Ust-Luga oil loading terminal

Moscow, Russia – HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces that it has completed the delivery of eight horizontal charging pump systems (based on pump NGPN-M 3600-120) to Ust-Luga oil loading terminal (Leningrad region).

This oil terminal is the final point of Baltic pipeline system (BPS-2), which is also equipped with HMS Group pumps, and is located in the multipurpose merchant sea port “Ust-Luga”. Upon the completion, the terminal`s capacity will be 38 mtpa.

The HMS 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. The 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 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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