Daimler Trucks Acquires 10% Of Russian Truck Manufacturer Kamaz

Under the terms of the agreement, Daimler will acquire a 10 percent stake in the share capital of Kamaz from Troika Dialog for 250 million USD to be paid in December 2008. Another one-time payment of up to 50 million USD will be due in 2012 subject to successful business performance of Kamaz. Daimler AG will receive a seat on the Board of Directors of Russia’s largest truck manufacturer, furthermore other rights of Daimler being a minority shareholder in Kamaz, as well as its status of the exclusive strategic partner will be governed and secured by the agreement signed today.