VimpelCom Welcomes Russian FAS Announcement

                 VimpelCom Welcomes Russian FAS Announcement

PR Newswire

AMSTERDAM, Nov. 23, 2012

AMSTERDAM, Nov.23, 2012 /PRNewswire/ --"VimpelCom Ltd." ("VimpelCom",
"Company" or "Group") (NYSE: VIP), a leading global provider of
telecommunications services, announced today that it is pleased with the
announcement from the Russian Federal Anti-Monopoly Service ("FAS") that FAS
is withdrawing its claims against Telenor East Invest II AS and Weather
Investments II. VimpelCom awaits a formal decision from the Moscow
Arbitration Court on the withdrawal request and an official removal of the
injunctions previously placed upon the Company as a result of the FAS claim.

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 September 30, 2012
VimpelCom had 212 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: Media, Bobby Leach, +31 20 79 77 200 (Amsterdam), pr@vimpelcom.com,
or Investors, Gerbrand Nijman, +31 20 79 77 200 (Amsterdam),
Investor_Relations@vimpelcom.com, both of VimpelCom Ltd.
 
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