The Company By-Laws are amended by the Resolution of the General Meeting of Shareholders of PSC "VSMPO-AVISMA CORPORATION", dated June 30, 2009

COMPANY BY-LAWS OF THE PUBLIC-STOCK COMPANY  VSMPO-AVISMA CORPORATION 

1. General Provisions

1.1. Public Stock Company "VSMPO-AVISMA Corporation" (before January 24, 2005, - Joint Stock Company "Verkhnaya Salda Metallurgical Production Association"), hereinafter - "The Company", has been established according to the Russian Federation President Decree on Organizational Measures for Public Enterprises and Public Enterprises Voluntary Associations Transformation into Joint Stock Companies, dd. July 1, 1992, No. 721   in detail