OREANDA-NEWS. On April 18, 2007 Amtel-Vredestein N.V. (LSE: AMV), a leading European tyre producer and Russia’s largest manufacturer of passenger car tyres announced that it has secured a new line of credit (LOC) with Russia's largest bank, Sberbank, reported the press-centre of Amtel-Vredestein N.V.

Through its Russian subsidiary, LLC Amtel-Chernozemye, the company secured a 2 billion rouble (approximately $77,6 million) LOC with Sberbank for a period of 18 months at 9,5%. An additional 400 million rouble LOC (approximately $15,5 million) has been approved by Banque Societe Generale Vostok (BSGV) for twelve months at a variable MosIBOR overnight rate plus three percent.

These lines of credit are expected to be used primarily as a reserve in the event that cash flow and other instruments are insufficient to replace more expensive and/or shorter term debt scheduled to mature later this year ЁC including a credit linked note (CLN) which expires on 30 June. Continued borrowing at favourable rates confirms confidence in Amtel-Vredestein by lenders and assures investors that the company's cash position is secure.

Management anticipates that the company's debt will near its inflection point as it completes its investment program later this year and begins to reap the benefits of its modernization and expansion plan. Subject to its annual audit, Amtel-Vredestein expects its 2006 results to be consistent with guidance presented last November.
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.