New Appointments in VimpelCom
20 Nov 2008

Moscow and New York (November 20, 2008) - Open Joint Stock Company “Vimpel-Communications” (“VimpelCom” or the “Company”) (NYSE: VIP) a leading provider of telecommunications services in Russia and the Commonwealth of Independent States (CIS) today announced changes in the Company’s management team.
 
Nikolay Pryanishnikov, Executive Vice President for International Business Development, will leave the Company to become the President of Microsoft Russia.
 
“A talented manager, just like any successful company, is always looking for further development. I am sure that Nikolay’s new job will give him the perfect opportunity for further professional growth. The 10 years that Nikolay spent with VimpelCom were years of dynamic growth both for the Company and its management. VimpelCom’s success, especially in the Russian regions, is attributable in large part to Nikolay’s success as a manager and a professional. The Company is grateful to Nikolay for his contribution and I wish him future success with all my heart”, VimpelCom’s CEO Alexander Izosimov said.
 
Vladimir Ryabokon, currently the Vice President for the Moscow region, will be in charge of the International Business Development from December 1, 2008. As an Executive Vice President, Vladimir Ryabokon will also manage the Corporate Development Division which previously reported directly the Company’s CEO. Vladimir Ryabokon was Vice President of Corporate Development from 2004 to 2007, overseeing VimpelCom’s expansion into the CIS markets. 
 
Commenting on this appointment Alexander Izosimov said, “Vladimir’s strategic vision, his experience in working in different countries and industries, his understanding of the telecom business and his deep involvement in building VimpelCom’s international expansion strategy will definitely provide a boost to our operations outside of Russia and the CIS”.
 
Natalya Chumachenko, currently the Director of B2C Russia, will be appointed Vice President for the Moscow region. Natalya has been working in VimpelCom since 1999. She began her work with VimpelCom in the Sales Department of the Voronezh Branch. In 2006 Natalya Chumachenko was appointed Sales Director for the Moscow Region and soon afterwards she became Commercial Director for Russia.

VimpelCom Ltd.

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 (VimpelCom Ltd., MegaFon and Turkcell Iletisim Hizmetleri A.S.). Those assets are in Russia, the CIS and other promising emerging markets.

VimpelCom Ltd. provides voice and data services through a range of wireless, fixed and broadband technologies. VimpelCom Ltd. is headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Canada, Italy, Pakistan, Burundi, Namibia, Zimbabwe and Central African Republic covering territory with a total population of about 843 million with over 181 mln subscribers. VimpelCom Ltd. operating companies provide services under the "Beeline", "Kyivstar", "Djuice", "Wind", "Infostrada", "Mobilink", "Leo", "Banglalink", "Telecel" and "Djezzy" brands. VimpelCom Ltd. is traded on the New York Stock Exchange under the symbol "VIP". As of 31 December 2010, Altimo owned 44.65% of the voting shares of VimpelCom Ltd. (since June 2011 -  24.99%).

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