HMS Group to deliver group measuring units to Gazprom Neft

HMS Neftemash, a subsidiary of HMS Group, has won a tender and concluded an agreement with Gazprom Neft for the production and delivery of a large lot of automated group measuring units “Mera Massomer”.

These units will be designed for one of the largest producing divisions of the company- Muravlenkovskneft and will be delivered to the customer on December 2011.

Mera MM units are operated in the systems of upstream for automated oil and associated gas production rate measurement.

Earlier this year HMS Neftemsh has delivered to Gazprom Neft a solution salt skid, water injection distribution manifold and ZNS type pumps for pressure maintenance systems.

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. The Group reported revenues of RUB 13.9 billion, adjusted EBITDA of RUB 3.1 billion and profit for the period of RUB 2 billion for the six month months ended June 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.