VimpelCom signs a new USD 1 billion credit facility

Amsterdam (November 19, 2014) - “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ: VIP), a leading global provider of telecommunications services in 14 countries and headquartered in Amsterdam, today announces that it has signed a new credit facility with China Development Bank and Bank of China in the amount of USD 1 billion for VimpelCom Holdings BV. The facility, which has a tenor of eight years, is unsecured and guaranteed by VimpelCom Amsterdam B.V. The newly signed USD 1 billion credit facility is in addition to the USD 0.5 billion credit facility signed with the China Development Bank in December 2012.

“Our funding and liquidity position remains extremely solid and this facility only provides even greater financial flexibility for the Group,” said Andrew Davies, Chief Financial Officer. “Our cash flows remain robust and, with an improved debt maturity schedule, no major refinancing obligations until 2020, and a strong liquidity position, VimpelCom is well funded.”

The credit facility will be used to fund capital expenditures for various operating companies. VimpelCom has been investing in high quality networks across its operations to capture the opportunity from growth in mobile data and strengthen the Company’s value proposition to its customers.

About VimpelCom

VimpelCom, an international telecoms company operating in 14 countries and headquartered in Amsterdam, is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan and Zimbabwe. VimpelCom’s operations around the globe cover territory with a total population of approximately 739 million people. VimpelCom provides services under the "Beeline", "Kyivstar", “WIND”, "Infostrada" “Mobilink”, “banglalink”, “Telecel”, and “Djezzy” brands. As of September 30, 2014 VimpelCom had 223 million mobile customers on a combined basis. VimpelCom is traded on the NASDAQ Global Select Market under the symbol (VIP). For more information visit: www.vimpelcom.com.

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