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English Commercial Court Denies Telenor Request for Injunction

AMSTERDAM NEW YORK March 1, 2011 VimpelCom Ltd. ("VimpelCom" or the "Company") March 17, 2011

January 28, 2011 January 16, 2011

In connection with the proceedings before the English Commercial Court, VimpelCom, Altimo and Weather Investments II S.a.r.l. have agreed to give certain undertakings to the Court in order to help (a) ensure that Telenor will receive its pre-emptive shares should the arbitration tribunal ultimately find in Telenor’s favor and (b) protect Telenor’s voting stake from dilution below 25% plus one share between the closing of the Transaction and the resolution of the arbitration proceeding.

March 17

March 17, 2011

VimpelCom’s Supervisory Board and Management Board recommend that 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

Cautionary statement regarding forward-looking statements

February 15, 2011 December 31, 2009

SOURCE VimpelCom Ltd.

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