OREANDA-NEWS. August 22, 2008.

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:

Limited liability company "VSMPO TITAN UKRAINE"

Office 507, Glinki st. 2, Dnepropetrovsk, Dnepropetrovsk region, 49000, Ukraine.

The Company's interest in the authorized capital of the abovementioned entity before change – 0 %.

The Company's interest in the authorized capital of the abovementioned entity after change – 84,28 %.

Date on which the Company's interest in the authorized capital of the abovementioned entity changed – August 19, 2008.

3. Signature
3.1. Director General Vladislav V. Tetyukhin
(signature)
3.2. Date: August 19, 2008 Stamp.