VimpelCom to pay USD 0.80 dividend per ADS or USD 1.3 billion in total

    VimpelCom to pay USD 0.80 dividend per ADS or USD 1.3 billion in total

PR Newswire

AMSTERDAM, Dec. 17, 2012

AMSTERDAM, Dec. 17, 2012 /PRNewswire/ --"VimpelCom Ltd." ("VimpelCom",
"Company" or "Group") (NYSE:VIP), a leading global provider of
telecommunications services, announces today that the Supervisory Board has
authorized the payment of a dividend of USD 0.80 per American Depositary Share
("ADS"). This amount includes USD 0.35 per ADS in relation to the Company's
final 2011 results, bringing the total dividend in relation to the Company's
2011 results to USD 0.80 per ADS, which is in line with the Company's dividend
guidelines*. The announced dividend also includes USD 0.45 per ADS in
relation to the Company's interim 2012 results. Each ADS represents one
common share. The total dividend payment amount will be approximately USD 1.3
billion.

The record date for the Company's shareholders entitled to receive the
dividends has been set for December 27, 2012. The ex-dividend date is
December 24, 2012. It is expected that the dividend will be paid by January
15, 2013. The Company will make appropriate tax withholdings of up to 15% when
the dividend is paid to the Company's ADS depositary, The Bank of New York
Mellon.

Jo Lunder, Chief Executive Officer comments:
"Our strategy of profitable growth and increasing cash flows has provided
strong results in 2012, enabling us to announce today the payment of USD 0.80
dividend per common share or USD 1.3 billion in total. Going forward, we
remain committed to pay annual dividends of at least USD 0.80 per common
share, in line with our previously disclosed dividend guidelines."

* For a full dividend guideline please refer to www.vimpelcom.com

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 timing and amount of future payments of dividends by
VimpelCom. These forward-looking statements are based on management's best
assessment of the Company's position and future market conditions and trends.
The actual outcome may differ materially from these statements and there can
be no assurance that VimpelCom will be able to pay dividends in the future as
described in these statements. 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 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: Investor Relations: VimpelCom Ltd.: Gerbrand Nijman, +31 20 79 77 200
(Amsterdam), Investor_Relations@vimpelcom.com or Media and Public Relations:
VimpelCom Ltd., Bobby Leach, +31 20 79 77 200 (Amsterdam), pr@vimpelcom.com
 
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