VimpelCom Wins Prestigious Best Investor Relations Award for Fifth Year in a Row
12 Oct 2007

Moscow and New York (October 12, 2007) — Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), is pleased to announce that once again it was named the winner of the Best IR by a Russian Company Award at the 9th annual IR Magazine Continental Europe Awards 2007 on October 11, 2007 in Paris, France. 

"I would like to thank the fund managers and analysts whose confidence and support secured our victory of prestigious “Best IR by a Russian Company Award” from IR Magazine for the fifth consecutive year," said Alexander Izosimov, Chief Executive Officer of VimpelCom. “We consider this award as a proof that our continuous efforts to implement best standards of transparency, corporate governance and protection of investor rights are consistently bearing fruits and being acknowledged and appreciated by the investment community."

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. IR Magazine commissions an independent research survey covering a broad cross-section of the Continental European investment community. The target group, consisting of more than 500 buy-side analysts, sell-side analysts and portfolio managers, has been interviewed to provide a comprehensive insight into current investor sentiment toward IR issues in the Continental European market.

VimpelCom

Altimo, a leading private equity group, operating on some of the world's most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (Golden Telecom, Inc., Turkcell Iletisim Hizmetleri A.S., Kyivstar GSM, MegaFon, VimpelCom, Sky Mobile). Those assets are in Russia, the CIS and other promising emerging markets.

VimpelCom consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 340 million. The Group companies provide services under the "Beeline" brand.  VimpelCom was the first Russian company to list its shares on the New York Stock Exchange (under the symbol "VIP").  In Q1 2008, VimpelCom acquired 100% of the oustanding share capital of Golden Telecom, a leading facilities-based provider of integrated telecommunications and Internet services in Russia and the CIS.

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