Stockholders of Chelyabinsk-Lada JSC to address possibility of additional stock issue on May 25, 2006

10 May 2006 (10:56)

The stockholder meeting of Chelyabinsk-Lada JSC is to be held on May 25, 2006.

The agenda contains approving of the financial results of 2005, profit distribution including the dividends declaration, determining the number of members of the company’s Board of Directors and approving of the company’s auditor.

The stockholders will also address the question of the possible capital increase through placement of an additional stock issue, and the question of approving of a transaction the company is interested in completing.

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