Meeting of the Board of Directors of GM-AVTOVAZ

June 2 in Togliatti, a regular meeting of the Board of Directors of joint venture GM-AVTOVAZ. In a constructive atmosphere shareholders discussed the results of the joint venture in 2009, noting the successful development of the company, which allowed to make a decision on dividend payment partners. Also members of the Board of Directors and management of joint ventures discussed issues related to the prospects of production and investment company. In connection with new appointments in the structure of the General Motors Board of Directors in GM-AVTOVAZ changed. Thus, from GM's board of directors includes James Boventsi, John Buttermore and Hans Demant. Thus, the formation of a new Board of Directors. By OAO "AvtoVAZ" Igor Komarov - President of OJSC "AvtoVAZ" Oleg Lobanov - Executive Vice President for Finance and Corporate Development, Pauline Grishina - Vice President for Corporate Governance part of the General Motors: James Boventsi - Managing Director John Buttermore GM Russia - Vice President Operations GM International Operations, Hans Demant - GM's vice president for global intellectual property rights from the European Bank for Reconstruction and Development: Michael Hoffmann - Head of the EBRD in the Volga Federal District,