Interpipe Details Procedure of Nyzhnyodniprovsky Pipe Share Buyback

Yesterday Interpipe released more specifics on the upcoming share buyback of 7.29% of Nyzhnyodniprovsky Pipe’s (NITR: U/R) charter fund. Shareholders will be able to file their intentions from September 10 to 13. Interpipe will summarize the results from September 14 to 18 and then sales-purchase agreements will be signed from September 19 to October 19, 2007. For more information, contact our sales desk. We are keeping a close eye on news surrounding the stock. Our target and recommendation remain under review.