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Russian Court Issues Injunction Order with Only Limited Restrictions on VimpelCom

AMSTERDAM April 25, 2012  VimpelCom Ltd. ("VimpelCom", "Company" or "Group") ,

The court rejected the Russian regulator’s request to completely prohibit VimpelCom from voting its shares in its Russian subsidiary OJSC "Vimpel-Communications" ("OJSC VimpelCom").  The injunction order states that VimpelCom and its indirect subsidiary VimpelCom Holdings B.V., which together own 100% of the shares of OJSC VimpelCom, are only prohibited from voting their shares at shareholder meetings of OJSC VimpelCom to: (i)  change the OJSC VimpelCom board of directors, and (ii) approve major transactions and interested party transactions, as such terms are defined under Russian law. The order does not prohibit VimpelCom and VimpelCom Holdings as shareholders of OJSC VimpelCom from exercising their other shareholder rights, including, among other things, rights to approve the OJSC VimpelCom annual accounts, to appoint OJSC VimpelCom’s external auditor, to approve dividend payments by OJSC VimpelCom and to re-elect the current OJSC VimpelCom Board members.

February 15, 2012

February 15, 2012

The injunction order is related to the previously disclosed claim brought by the FAS against Telenor and Weather in the Moscow Arbitration Court.  The Company has been named as a third party to the claim, which means that its rights and obligations may be affected by the claim.

October 17

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December 31, 2010

About VimpelCom

Russia Italy Ukraine Kazakhstan Uzbekistan Tajikistan Armenia Georgia Kyrgyzstan Cambodia Laos Algeria Bangladesh Pakistan Burundi Zimbabwe Central African Republic Canada December 31, 2011 http://www.vimpelcom.com

SOURCE VimpelCom Ltd.

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