OREANDA-NEWS. March 16, 2007. Amtel-Vredestein N.V. (LSE: AMV), a leading European tyre producer and Russia’s largest manufacturer of passenger car tyres, received an award for its "Outstanding Contribution to the Russian Components Market." The awards ceremony took place in Moscow on 14 March as part of the Adam Smith Conferences 10th Annual Forum on the Russian Automotive Industry, reported the press-centre of  Amtel-Vredestein N.V.

John Rose, Head of PR/IR accepted the award on behalf of Amtel-Vredestein. "We are especially proud to receive this award from our peers in the automotive industry because they understand best of all what tremendous commitment and hard work is required by everyone in our organization to achieve this success", said Rose.  "We receive a lot of awards for our products, but this one is really for everyone at the company".

Amtel-Vredestein N.V. is a leading European tyre producer and Russian number one passenger tyre manufacturer. The Company sells passenger car tyres under the VREDESTEIN, AMTEL and MALOYA brands manufactured at its facilities in Enschede, Netherlands; Kirov, Moscow and Voronezh, Russia. The company's AV-TO subsidiary is Russia's number one automotive retailer and the leading tyre and auto parts distributor.

FORWARD-LOOKING STATEMENTS. This press release may contain forward-looking statements regarding future events or the future financial performance of Amtel-Vredestein N. V. These statements are not guarantees of future performance, which is subject to risks, uncertainties and assumptions that cannot be predicted with certainty. Accordingly, actual outcomes and results may differ materially from those expressed in the forward-looking statements. Amtel-Vredestein N.V. does not intend to update these statements to reflect actual results.