HMS signs Rub 2.7 BN contracts

LONDON--()--

IR RELEASE

Moscow, May 24, 2017

HMS Hydraulic Machines & Systems Group Plc

(the “Company”, and together with its subsidiaries, the “HMS Group”)

HMS Group signs Rub 2.7 BN contracts for Kursk NPP-2

Moscow, Russia – May 24, 2017 - HMS Group (LSE: HMSG) announces today that it has signed contracts worth 2.7 billion rubles for delivery of pumping equipment for Kursk Nuclear Power Plant Phase II.

The plant is being constructed based on the design by ROSATOM to replace Kursk reactors, which are to be decommissioned. The commissioning of first two reactors within Phase II is planned to be synchronized with the decommissioning of the existing reactors of the plant.

In 2018-2022, the company will deliver 188 pumping units. These safety-significant pumping units, including main feed, auxiliary feed water and condensate pumps, primary cycle emergency cooldown pumps, spray pumps, component cooling water pumps, will be designed according to the projects’ requirements.

For more information, please, contact:

Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495) 730-6601 x 1318, or email: kelekhsaeva@hms.ru

Anna Obotnina, Head of Marketing communications, on telephone: +7 (495) 730-6601 x (600)3304, or email: obotnina@hms.ru

About HMS Group

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).

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Short Name: HMS Group Plc
Category Code: MSCM
Sequence Number: 583926
Time of Receipt (offset from UTC): 20170524T101241+0100

Contacts

HMS Group Plc

Contacts

HMS Group Plc