VimpelСom Announces Supervisory Board Nominees

Amsterdam (June 27, 2014) - VimpelCom Ltd (“VimpelCom”, “Company” or “Group”) (NASDAQ: VIP), a leading global provider of telecommunications services, announced the nomination of ten directors for election to the Company’s Supervisory Board at its 2014 annual general meeting of shareholders (“AGM”) on July 28, 2014.  The record date for the AGM has been set for June 25, 2014.

Dr. Hans Peter Kohlhammer 
Leonid Novoselsky
Mikhail Fridman
Kjell Morten Johnsen
Andrei Gusev
Alexey Reznikovich
Ole Bjorn Sjulstad
Jan Fredrik Baksaas
Hamid Akhavan
Sir Julian Horn-Smith

The Supervisory Board will continue to consist of 9 directors and therefore the 9 nominees with the highest number of votes will be elected to the Supervisory Board.  The election of the Supervisory Board is conducted by cumulative voting, which allows proportionate representation of Shareholders on the Supervisory Board.  Further information about the voting procedures are provided in the proxy material being distributed to shareholders eligible to vote at the AGM.

Members of the Supervisory Board are elected for one-year terms, which will expire at the annual general meeting of shareholders to be held in 2015 (unless the director is removed from office or his office is vacated in accordance with the bye-laws).

About VimpelCom

VimpelCom 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, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom’s operations around the globe cover territory with a total population of approximately 754 million people. As of March 31, 2014 VimpelCom had 218 million mobile customers. VimpelCom Ltd. is headquartered in Amsterdam, the Netherlands, and listed as ADS on the NASDAQ Global Stock Market under the symbol "VIP". For more information visit: www.vimpelcom.com.

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