Following the decision of the company’s Board made on September 4, 2006, the extraordinary general meeting of VSMPO AVISMA Corporation has been scheduled for 2.15 PM on November 7, 2006. The meeting will take place in the town of Verkhnyaa Salda, Sverdlovsk Region (the assembly hall of the local Book Palace, 12 Parkovaya St.).

Among the points on the agenda are: early termination of the Board Members’ powers and electing the new Board of Directors.

The federal law on joint-stock companies, supported by the corporate Charter, states that shareholders possessing the total of no less than 2% of voting stock are permitted to propose their nominees for the position of a Board Member. The maximum number of nominees is restricted to seven. The nominee proposals must be placed with the company by October 7, 2006 at the latest, reports the spokesperson for the Corporation.