Notice of convening the Extraordinary General Meeting of shareholders of the limited liability company: Amtel-Vredestein N.V., with its statutory seat in Enschede

To be held on the 5th day of September 2006 at 14.00 hours at Ir E.L.C. Schiffstraat 370, 7547 RD Enschede.

The abbreviated agenda of the meeting is as follows:

1. Opening of the meeting by the Chairman.

2. Composition of the Executive Board. Nomination for appointment and appointment to the Executive Board.

3. Authorization of the Executive Board to acquire (depositary receipts of) shares in the capital of the Company.

4. Questions before closure of the meeting.

5. Closing.

The full agenda of the extraordinary general meeting of shareholders, together with the related notes (including the information regarding the nominated member of the Executive Board as referred to in article 14.3 of the articles of association), may be obtained whithout costs by the persons entitled to attend the meeting at the offices of the Company, 7547 RD Enschede, Ir E.l.C. Schiffstraat 370 (for further information see the end of this notice). The documents can also be downloaded from the Company?s website: www.amtel-vredestein.ru/en («Investor Relations») and can also be requested by e-mail: investors@amteltyre.com

Instructions relating to attending the meeting

Record date

The Executive Board of the Company has deteremined that persons wishing to attend the meeting must be recorded in one of the registers designated by the Executive Board on the 29th day of August 2006 (the record date) following the processing of all additions and withdrawals as at that date, and must also be registered in the manner set out below.

Holders of ordinary shares not admitted to the securities giro

Register

For holders, usufructuaries and pledgees of ordinary shares that are not admitted to the securities giro in accordance with the Securities Giro Act (Wet giraal effectenverkeer), the designated register will be the register of shareholders of the Company, which shows the shareholders, usufructuaries and pledgees on the record date.

Registration for the meeting

Holders of ordinary shares not admitted to the securities giro with voting rights, holders of ordinary shares not admitted to the securities giro without voting rights due to a right of usufruct or a right of pledge and usufructuaries and pledgees with voting rights, have to notify the Executive Board in writing if they want to attend the meeting. This written notification has to be received by the Executive Board no later than the 29th day of August 2006.

Holders of ordinary shares and/or depository receipts admitted to the securities giro

Register

For holders, usufructuaries and pledgees of ordinary shares and/or depository receipts that are admitted to the securities giro in accordance with the Securities Giro Act, the designated register and subregisters will be the records of the member institutions of Netherlands Central Securities Depository (Nederlands Centraal Instituut voor Giraal Effectenverkeer  B. V./«Necigef») certifying the holders, usufructuaries and pledgees of ordinary shares and/or depository receipts on the record date.

Registration for the meeting

Holders, usufructuaries and pledgees of ordinary shares admitted to the securities giro with voting rights, holders of ordinary shares admitted to the securities giro without voting rights due to a right of usufruct or a right of pledge and holders of depository receipts admitted to the securities giro, have to notify the Executive Board in writing if they want to attend the meeting. This written notification has to be received by the Executive Board no later than the 29th day of August 2006. The Necigef member institutions have to issue by no later than the 31th day of August 2006 with the Executive Board a statement with the number of ordinary shares and/or depository receipts that are hold by the relevant holder or, as the case may be, to which he holds a right of usufruct or a right of pledge at the record date and are being registered for the meeting for that holder, usufructuary or pledgee.

At the request of the relevant holder, usufructuary or pledgee the relevant Necigef member institution will provide the holder, usufructuary or pledgee with a statement of the number of shares and/or depository receipts registered for the meeting on his behalf.

Admission to the meeting with valid identification only

No separate receipt of registration will be issued for the meeting. The persons entitled to attend the meeting, or if not personally attending the meeting the proxy holders, are requested to present an identification to the reception desk at the meeting entrance. Access to the meeting is permitted after verification of the personal identification with the information received by the Executive Board.

Proxies

The rights to attend, speak at and/or vote at the meeting may be exercised by a representative authorized in writing, provided that the power of attorney has been received by the Executive Board no later than the 31th day of August 2006. A proxy form can be obtained at the offices of the Company or downloaded from the Company's website (www.amtel-vredestein.ru/en). The form must be completed by the holder, usufructuary or pledgee.

Enschede, the 21th day of Augustus 2006

Amtel-Vredestein N.V.

The Executive Board