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VimpelCom Welcomes Glass Lewis Recommendation to Support the Combination With Wind Telecom S.p.A.

AMSTERDAM NEW YORK Feb. 25, 2011 VimpelCom Ltd. ("VimpelCom" or the "Company")

February 24, 2011

Alexander Izosimov, Chief Executive Officer of VimpelCom, commented: "The Glass Lewis recommendation clearly underscores the merits of the combination, as well as importance of the due diligence and support of the Company’s Supervisory Board. The expansion of our growth platform is strategically compelling and financially attractive and we move forward with confidence that our shareholders will support the Transaction at the upcoming Special General Meeting."

March 17, 2011

VimpelCom’s Supervisory Board and Management Board recommend shareholders vote "FOR" the proposals by signing, dating and returning the WHITE voting card received from the Company.

D.F. King North America

About VimpelCom

Amsterdam Russia Ukraine Kazakhstan Uzbekistan Georgia Armenia Kyrgyzstan Vietnam Cambodia

About WIND TELECOM S.p.A. (formerly Weather Investments S.p.A.)

Algeria Bangladesh Egypt Pakistan North Korea Canada

About Glass Lewis & Co

$17 trillion

Cautionary statement regarding forward-looking statements

December 31, 2009

SOURCE VimpelCom Ltd.

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