The Board of Directors of VSMPO-AVISMA Corporation JSC met on May 12 to schedule the annual shareholder meeting for June 28, 2006. The points on the agenda include agreeing on the annual report and the accounting report for 2005, profit distribution, electing the General Director, the Board of Directors, the Inspection Committee, and the company’s Auditor.

The Board of Directors suggested that the shareholders declare the dividend of 37.88 RUR per share, which is 30% greater than in 2004. Among the proffered Board Members are Vyacheslav Bresht, Vasiliy Besedin, Dennis Kelly, Nikolay Melnikov, John Monahan, Pavel Risanenko, Vladislav Tetyukhin; the suggested GD candidate is Vladislav Tetyukhin.