VimpelCom shareholders elect Supervisory Board

                VimpelCom shareholders elect Supervisory Board

PR Newswire

AMSTERDAM, Dec. 21, 2012

AMSTERDAM, Dec. 21, 2012 /PRNewswire/ --"VimpelCom Ltd." ("VimpelCom",
"Company" or "Group") (NYSE:VIP), announced that VimpelCom shareholders
approved all agenda items at its Annual General Meeting of Shareholders (AGM)
held today in Amsterdam.

In particular, the Company's shareholders approved that the Supervisory Board
shall continue to consist of nine directors and elected the following
candidates to the Board: Jon Fredrik Baksaas, Andrei Baranov, Mikhail Fridman,
Kjell Morten Johnsen, Alexey Reznikovich, Ole Bjorn Sjulstad, Sergei Tesliuk
and independent directors: Dr. Hans-Peter Kohlhammer and Leonid Novoselsky.
Augie Fabela II, Co-Founder and Chairman Emeritus, will continue to serve in
an active strategic role for the Company.

The AGM has also re-appointed Ernst & Young as the Company auditor and the AGM
agreed to the cancellation of 50,000,000 authorized, but unissued ordinary
shares of the Company.

Holders of approximately 91% of the Company's shares were represented at the
AGM.

The Supervisory Board also met today and unanimously elected Alexey
Reznikovich as Chairman.

For more information about the Company's Supervisory Board and related
biographies, please see VimpelCom's web site, www.vimpelcom.com in the
"Corporate Profile/Leadership" section.

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