Moscow and New York (January 21, 2005) — Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP) is pleased to announce that it was named the winner of a number of prestigious awards from Russian and international organizations for its performance in 2004:


Name Title Organization
Alexander Izosimov Best Professional Manager Association of Managers of Russia
Alexander Izosimov Best Corporate Manager Association for the Protection of Investor Rights
VimpelCom Best Corporate Governance Association for the Protection of Investor Rights
Alexander Izosimov Best Investor Relations by a CEO/CFO IR Magazine
Valery Goldin Best Investor Relations Officer – Large Cap IR Magazine
VimpelCom Grand Prix for Best Overall Investor Relations – Large Cap IR Magazine
VimpelCom Best Investment Community Meetings IR Magazine
VimpelCom Best Annual Report & Other Corporate Literature IR Magazine

"It is a great honor for us to win these prestigious awards from leading organizations in the areas of management, corporate governance and investor relations," said Alexander Izosimov, Chief Executive Officer of VimpelCom. "Strong management and world-class corporate governance combined with the open and transparent manner in which we operate have always been among our highest priorities. We are happy to see that our efforts are being recognized and awarded by the Russian and international business communities."

The Association of Managers of Russia is a national non-profit organization whose objective is the overall development of the Russian business community and business environment. This Association includes more than 800 members, among them Chairmen and CEOs of leading Russian companies.

The Association for the Protection of Investor Rights is a Moscow-based non-profit organization aimed at unifying investor efforts to protect their rights and improve corporate governance in Russia. This Association includes both Russian and non-Russian investors working in the Russian market.

IR Magazine is a leading international publication on investor relations and associated matters. The IR Magazine awards are recognized worldwide as among the most accurate and reliable measures of excellence and accomplishment in the fields of investor relations and corporate governance.

VimpelCom is a leading provider of telecommunications services in Russia and Kazakhstan, operating under the "Bee Line GSM" brand in Russia and "K-mobile" and "EXCESS" brands in Kazakhstan. The VimpelCom Group's license portfolio covers approximately 94% of Russia's population (136 million people), including the City of Moscow, the Moscow Region and the City of St. Petersburg, as well as the entire territory of Kazakhstan. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".


For more information, please contact:


Valery Goldin 
VimpelCom (Moscow)
Tel: 7(495) 974-5888
Ian Bailey/Michael Polyviou 
Financial Dynamics
Tel: (212) 850-5600