Board of Directors of KAMAZ Inc. Approved Business Plan for 2006

On 21 December, 2005 in Moscow Board of Directors of KAMAZ Inc. approved the Company’s business plan. In 2006 KAMAZ Inc. plans to realize 34 000 trucks (vs. 32 200 in 2005), 25 500 out of which is planned to sell in Russia, 8 500 to be exported. There will be assembled 1 320 passenger buses (vs. 1 135 units in 2005).

It is planned to output and realize products valued 45,4 billion rubles (vs. 44,4 billion rubles in 2005) including KAMAZ trucks valued 31,7 billion and spare parts valued 8 billion rubles. Realization of products of diversification will increase up to 5,6 billion rubles. 2 700 units will be passed for leasing.

Income from realization of products and services by the end of 2006 will constitute 48,4 billion rubles.

According to the business plan for 2006 it is forecasted to make 50,8 billion rubles worth income (vs. 114% by expected result in 2005). Next year net profit should total 500 million rubles (vs. expected 306 million in 2005).

Basic financial paper of KAMAZ Inc. for 2006 functioning up to 2010 corresponds to the adopted development Strategy of the Company.

Thursday, 22 December 2005