OREANDA-NEWS. August 05, 2008.
Information Which Can Have Material Effect on the Price of the Issuer Securities
1. General Information

1.1. Full commercial name of the Issuer Public Stock Company "VSMPO-AVISMA Corporation"

1.2. Abbreviation for commercial name of the Issuer PSC "VSMPO-AVISMA Corporation"

1.3. Issuer’s location 1, Parkovaya St., Verkhnaya Salda, Sverdlovsk Region, Russia,

1.4. OGRN of the Issuer 1026600784011

1.5. INN of the Issuer 6607000556

1.6. Issuer’s unique code, assigned by registering body 30202-D

1.7. Address of Internet web-page where the Issuer disclose the information www.vsmpo.ru

2. Communication Content

On cancellation of affiliate.

Date of meeting of public stock company Board of Directors where the decision was taken: August 4, 2008.

Date of execution of protocol for meeting of public stock company Board of Directors where the decision was taken and number of the protocol: August 4, 2008, without number.

Content of decision made by public stock company Board of Directors:

To cancel "VSMPO" - an affiliate of PSC "VSMPO-AVISMA Corporation" (VSMPO), location: 1, Parkovaya St., Verkhnaya Salda, Sverdlovsk Region, Russia,

3. Signature

3.1. Deputy director General,

PSC "VSMPO-AVISMA Corporation" (authorized person, power of attorney No. 14/247, dd 31.07.2008) N.K. Melnikov

(siganture)

3.2. Date “ 5 ” August 20 08 Stamp.