Notice of the 2017 Annual General meeting of shareholders of VimpelCom Ltd.

Dear Shareholder,

VimpelCom Ltd. (“VimpelCom” or the “Company”) will hold a special general meeting of its shareholders (the “SGM”). The Supervisory Board of the Company has resolved that the SGM will be held on 30 March 2017 at 11.00 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 22 February 2017, the record date for the SGM, are entitled to vote at the SGM under Bermuda law and the VimpelCom bye-laws.

The two items of business on the agenda of the meeting are:

1. to approve the change of the Company’s name to VEON Ltd. (the “Name Change”); and
2. to approve the adoption by the Company of amended and restated bye-laws (the “Amended and Restated Bye-laws”).

The formal notice of the SGM is set out on the following page of this document. The notice is accompanied by some explanatory notes in relation to the proposed resolutions.

The affirmative vote of a simple majority of the votes cast at the SGM, at which a quorum is present, will be required to approve the resolution to effect the Name Change.

The affirmative vote of shareholders holding not less than 75 per cent of the votes cast at the SGM, at which a quorum is present, will be required to approve the resolution to adopt the Amended and Restated Bye-laws.

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 your shares will be represented at the SGM. If you have any questions, you may contact Remco Vergeer at +31621187402 or remco.vergeer@vimpelcom.com. Information regarding the resolutions to be proposed at the SGM is set out on page 5 of this document. We encourage you to read that information carefully.