On October 29, 2004 in Moscow there took place a special general shareholders’ meeting of KAMAZ Inc. At this meeting there was elected a new Board of Directors and a Chairman of Board of Directors of KAMAZ Inc.

Need to hold such a meeting of shareholders was caused by the administrative reform in the Russian Federation and replacement of some federal government’s representatives in the current Board of Directors and Revision Commission due to their new appointments.

In accordance with the legislation of the Russian Federation there was adopted a decision on cessation of powers of such members of Board of Directors of KAMAZ Inc before expiration of their terms.

Shareholders of KAMAZ Inc. have preliminarily put forward candidature of 18 candidates for 17 available positions. Please see voting results at KAMAZ web-site.

Right after the meeting new Board of Directors had its first organizational session at which Viktor Khristenko, Minister of Industry and Power of the Russian Federation, was elected as a Chairman.

© www.kamaz.net, 2004