Today KAMAZ fulfilled its obligations on repayment of interest under the Credit Agreement with the European Bank of Reconstruction and Development. Pursuant to the existing schedule $757.000 of the due interest for six months of 2003 were repaid under the EBRD credit.

It’s worth reminding that under the EBRD crediting terms KAMAZ is due to repay every six months the interest and a portion of the main debt . In total KAMAZ is due to repay $3.257,000 by 15 July 2003.

15 July 2012 is the date of final repayment the EBRD credit. By that time KAMAZ will be due to repay $70,5 million of the main debt and $12.453,000 of interest for servicing the loan of European Bank of Reconstruction and Development.