Amsterdam, 27 May 2019 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the promotion of Eugene Krazhan to CEO of Beeline Kyrgyzstan. He will take up his role in June and report to Group Chief Operations Officer, Kjell Johnsen.

Eugene joined VEON fourteen years ago and is currently Business to Business Director at Kyivstar in Ukraine, where he has overseen consistent B2B revenue growth and increased market share. He previously held a series of marketing and strategy roles at Kyivstar.

Ursula Burns, VEON’s Chairman and CEO, commented: “Eugene has been one of our star performers in Ukraine with Kyivstar, both in terms of his business results and his style of values-based leadership. With a young and growing population, Kyrgyzstan is a country where VEON sees opportunity for future growth. I wish Eugene every success as we look to strengthen our position there.”

Eugene holds a BA in Political Science from the University of Kyiv-Mohyla Academy and a Strategic Marketing Mini MBA from the London Business School.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. 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, expectations regarding management plans and the ability to successfully execute the operating model and development plans. 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. 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.

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