Amsterdam, 31 January 2018 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 240 million customers, announces that Kyivstar, its wholly-owned and market-leading subsidiary in Ukraine, has secured one of three licenses to provide nationwide 4G/LTE services, subject to final regulatory approvals. Kyivstar will pay UAH 0.9 billion (approximately USD 32.2 million) for 2x15 MHz of contiguous frequency in the 2600 MHz band.

Jean-Yves Charlier, Chief Executive Officer of VEON, commented: “We are delighted that Kyivstar has secured 4G/LTE spectrum enabling the provision of nationwide high-speed mobile data coverage. The acquisition of this spectrum demonstrates our ongoing commitment to our customers in Ukraine by allowing them to enjoy latest digital services and connectivity.”

The Company looks forward to the upcoming 4G/LTE license tender in 1800 MHz band in Ukraine. The 1800 MHz band with 4G/LTE capability will allow Kyivstar to increase the geographical coverage of its high-speed data network in Ukraine.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, with an ambition to lead the personal internet revolution for over 240 million customers that it currently serves, and for many others in the years to come.

For more information visit: www.veon.com.

Disclaimer

This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, the ability of Kyivstar to provide high-speed mobile data coverage, our commitment to Ukraine, the provision of the latest digital services and connectivity to our customers in Ukraine, our participation in the upcoming 4G/LTE tender in 1800 MHz band and anticipated increase in geographical coverage in Ukraine. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. Although VEON believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Contacts

Investor Relations:
Remco Vergeer
ir@veon.com

Media and Public Relations:
Maria Piskunenko
pr@veon.com