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VimpelCom Annual General Meeting set for December 21, 2012



          VimpelCom Annual General Meeting set for December 21, 2012

PR Newswire

AMSTERDAM, Nov. 9, 2012

AMSTERDAM, Nov. 9, 2012 /PRNewswire/ -- VimpelCom Ltd. ("VimpelCom", "Company"
or "Group") (NYSE:VIP), a leading global provider of telecommunications
services, announces that its Supervisory Board has set the date for the
Company's 2012 Annual General Meeting of Shareholders (the "Shareholders
Meeting") for December 21, 2012. The record date for the Shareholders Meeting
has been set for November 20, 2012.

In light of the injunctions issued by the Moscow Arbitration Court in relation
to the claims by the Russian Federal Anti-Monopoly Service ("FAS") against
Telenor and Weather II, the Supervisory Board has determined that if the
injunctions are not lifted prior to November 27, 2012 it would be prudent to
postpone the Shareholders Meeting. In case the Shareholders Meeting is
postponed, an announcement in that respect will be issued on or around
November 27, 2012.

The agenda of the Shareholders Meeting is as follows:

 1. For shareholders to receive audited financial statements of the Company
    for the financial year ended on December 31, 2011;
 2. To approve that the Supervisory Board shall consist of nine directors;
 3. Election of the individual directors to the Supervisory Board;
 4. Re-appointment of Ernst & Young as the Company auditor;
 5. Cancellation of 50,000,000 authorized, but unissued ordinary shares of the
    Company.

Further details on the agenda, the slate of nominees to the Supervisory Board
and procedural matters related to the Shareholders Meeting will be made
available through an official notice to be distributed by VimpelCom to its
shareholders prior to the Shareholders Meeting. If the meeting is postponed, a
new notice of the Shareholders Meeting will be issued by the Company following
the postponement. 

Disclaimer

This release contains "forward-looking statements", as the phrase is defined
in Section 27A of the Securities Act and Section 21E of the Exchange Act,
relating to the FAS claim and related injunctions, the impact of the claim and
injunctions on the VimpelCom Group, including the timing of the Company's
Shareholders Meeting. These forward-looking statements are based on
management's best assessment of the Company's legal position and the Company's
understanding of current circumstances. The actual outcome may differ
materially from these statements and there can be no assurance that VimpelCom
will be able to hold its Shareholders Meeting when intended, succeed in any
challenges with respect to the FAS claim or injunction and that the
determination or postponement of determination by the court with respect to
the FAS claim and injunction appeals or any challenges made by VimpelCom to
the FAS claim or injunction appeals will not have a material adverse affect on
VimpelCom resulting from, among other things, its continued inability to
receive dividends or other distributions from OJSC VimpelCom or the suspension
or termination of material licenses or permits held by OJSC
Vimpel-Communications, denial of new licenses and permits or other adverse
actions by Russian regulators. Certain factors that could cause actual results
to differ materially from those discussed in any forward-looking statements
include the risk factors described in the Company's Annual Report on Form 20-F
for the year ended December 31, 2011 and other public filings made by the
Company with the SEC, which risk factors are incorporated herein by reference.
The Company disclaims any obligation to update developments of these risk
factors or to announce publicly any revision to any of the forward-looking
statements contained in this release, or to make corrections to reflect future
events or developments.

About VimpelCom

VimpelCom is one of the world's largest integrated telecommunications services
operators providing voice and data services through a range of traditional and
broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan,
Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Cambodia, Laos, Algeria,
Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada.
VimpelCom's operations around the globe cover territory with a total
population of approximately 780 million people. VimpelCom provides services
under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink",
"Leo", "banglalink", "Telecel", and "Djezzy" brands. As of June 30, 2012
VimpelCom had 208 million mobile subscribers on a combined basis. VimpelCom is
traded on the New York Stock Exchange under the symbol (VIP). For more
information visit: http://www.vimpelcom.com

SOURCE VimpelCom Ltd.

Website: http://www.vimpelcom.com
Contact: Investor Relations, VimpelCom Ltd., Gerbrand Nijman, Tel: +31 20 79
77 200 (Amsterdam), Investor_Relations@vimpelcom.com, Media and Public
Relations, VimpelCom Ltd., Bobby Leach, Tel: +31 20 79 77 200 (Amsterdam),
pr@vimpelcom.com
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