OREANDA-NEWS. August 11, 2008. Information Which Can Have Material Effect on the Price of the Issuer Securities, reported the press-centre of VSMPO-AVISMA.

1. General Information

1.1. Full company name of the issuer Public-Stock Company VSMPO-AVISMA Corporation

1.2. Short company name of the issuer VSMPO-AVISMA Corporation

1.3. Issuer’s legal address 1 Parkovaya Str., Verkhnaya Salda, Sverdlovsk Region, Russia

1.4. Official Government Registration number of the issuer 1026600784011

1.5. Personal taxpayer number of the issuer 6607000556

1.6. Unique registration code of the issuer 30202-D

1.7. Issuer's web-site used for information disclosure www.vsmpo.ru

2. Description

Change of PSC VSMPO-AVISMA Corporation's interest in the authorized capital of other commercial entity which is not less than 5%, or change of the interest in ordinary shares of other joint-stock company which is not less than 5 %.

The full name and address of the commercial entity, the Company's interest in the authorized capital of which changed:

Closed-joint stock company "Tirus-MedService Medical Insurance Company"
105, Molodezhny Poselok, Verkhnaya Salda, Sverdlovsk Region, 624760, Russia.

The Company's interest in the authorized capital of the abovementioned entity before change – 80,36%, The Company's interest in ordinary shares of the abovementioned entity before change - 80,36%.

The Company's interest in the authorized capital of the abovementioned entity after change – 0%. The Company's interest in ordinary shares of the abovementioned entity after change - 0%.

Date on which the Company's interest in the authorized capital of the abovementioned entity changed – July 15, 2008.

3. Signature

3.1. Director General Vladislav V. Tetyukhin
(signature)

3.2. Date: August 8, 20 08 Stamp