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#Notification of the Material Fact «Information on Reorganization of the Issuer, its Subsidiaries and Dependent Companies»

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July 01 2005

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: PSC VSMPO-AVISMA Corporation
1.3 Legal address of the issuer: Parkovaya Str. 1, Verkhnaya Salda, Sverdlovsk Region, Russia.
1.4 State registration number of the issuer: 1026600784011
1.5 VAT number of the issuer: 6607000556
1.6 Unique identification code of the Issuer assigned by the registration body: 30202-D
1.7 Internet web-site of the issuer: www.vsmpo.ru
1.8 Designation of the periodical used by the issuer for publishing of information: newspaper "Novator", supplement to FSFR bulletin.
1.9 Material fact code: 0130202D01072005

2. Content of Notification
2.1. Form of reorganization - affiliation.
2.2. Authorized control body of the Issuer which has taken the decision on reorganization and date of the decision. - Special General Meeting of Shareholders, September 22, 2004.
2.3. Full and short company names and legal addresses of each of the reorganized legal persons.

Public Stock Company VSMPO-AVISMA Corporation (PSC VSMPO-AVISMA Corporation), legal address: Parkovaya Str. 1, Verkhnaya Salda, Sverdlovsk Region, Russia.

Joint Stock Company «AVISMA Titanium-Magnesium Works» (JSC AVISMA),
legal address: Berezniki, Perm Region, Russia.

2.4. Full and short company names and legal addresses of each legal person founded and ceased to exist in the result of reorganization.
The legal person ceased to exist in the result of reorganization:
Joint Stock Company «AVISMA Titanium-Magnesium Works» (JSC AVISMA),
legal address: Berezniki, Perm Region, Russia.

2.5. Issuer's share in the authorized capital of the profit-making organization founded in the result of reorganization as of the date of reorganization. - No profit-making organizations were founded in the result of reorganization.

2.6. Date of reorganization (date of introduction of the entry on cessation of activities of the affiliated legal person into the Uniform Register of Legal Entities). - July 1, 2005.

3. Signature
3.1. Director General _____________________ V.V. Tetyukhin
PSC VSMPO-AVISMA Corporation
3.2. Date: July 1, 2005