OREANDA-NEWS. June 23, 2011. On June 21st in Togliatti, GM-AVTOVAZ held its Annual Shareholders and regular quarterly Board of Directors meetings.  During the meetings, the shareholders reviewed JV operating results for 2010 and 2011 year-to-date, taking note of positive developments in several fields of the business.  Board members and Company Management also discussed future prospects for Company operations and ongoing plans for investment activities.

Organizational changes at AVTOVAZ  brought changes to GM-AVTOVAZ's Board .  Yulia Stepnova, Director of Corporate Governance at AVTOVAZ, has joined the Russian manufacturer's Board representation.  The revised Board membership now looks as follows:

JSC "AVTOVAZ":

Igor Komarov — President

Oleg Lobanov — Executive Vice President for Finance and Corporate Development,

Yulia Stepnova — Director of Corporate Governance

General Motors Company:

James P. Bovenzi — President and Managing Director GM Russia

John R. Buttermore — GM International Operations Vice President for Manufacturing & Labor

Lowell Paddock — GM International Operations Vice President for Product Planning & Program Management

EBRD:

Michael Hoffmann — Head of EBRD Office in Volga Federal District

Board members and the JV Management team thanked Polina Grishina, now Vice President of Internal Controls at AVTOVAZ, who served on the Board for the last several years for her contribution to the development of the JV.