Dear Shareholder,

It is a pleasure to invite you to the 2013 annual general meeting of shareholders (the “AGM”) of VimpelCom Ltd. (“VimpelCom” or the “Company”). The Supervisory Board of the Company has resolved that the AGM will be held on Wednesday 24th April 2013 at 9.00 am (central European time) at Claude Debussylaan 88, 1082 MD Amsterdam, The Netherlands.  Only the holders of record of VimpelCom shares at the close of business on 22nd of March 2013, the record date for the AGM, are entitled to vote at the AGM under Bermuda law and the VimpelCom bye-laws.

The agenda of the meeting is as follows:

  1. for the shareholders to receive audited financial statements of the Company for the year ended 31 December 2012;
  2. election of the individual directors comprising the Supervisory Board (information about the candidates is provided in attachment 1;
  3. the re-appointment of the Company’s auditor.

The formal notice of the annual general meeting is set out on the following page of this document.

The report of our auditor and the financial statements of the Company for the financial year ended 31 December 2012 (prepared in accordance with IFRS) appears on the Company’s website at www.vimpelcom.com and may be found at http://www.vimpelcom.com/ir/financials/index.wbp.

The affirmative vote of a majority of the votes cast at the AGM, at which a quorum is present, will be required to approve the resolution to approve the re-appointment of the Company’s auditor.

Voting on the election of directors will be by way of cumulative voting and information about the cumulative voting procedure is provided on page 5 of this document.

VimpelCom shareholders are requested to complete and return the proxy form or voting instruction form (as relevant to how your shares are held) to ensure that their shares will be represented at the AGM.  If you have any questions, you may contact Gerbrand Nijman at +31207977244 or gerbrand.nijman@vimpelcom.com.

Information regarding the resolutions to be proposed at the annual general meeting is set out on page 5 of this document.  We encourage you to read that information carefully.

VimpelCom’s Supervisory Board recommends that shareholders vote in favor of the proposal for the re-appointment of the auditor.