OREANDA-NEWS. November 21, 2012.  VimpelCom Ltd. (“VimpelCom” or “Company”) (NYSE: VIP),   a leading global provider of telecommunications services, announced today that its Supervisory Board has approved the following slate of candidates for election to the Supervisory Board at the Company’s Annual General Meeting scheduled to be held on December 21, 2012 (the “Shareholders Meeting”): Jon Fredrik Baksaas, Andrei Baranov, Augie K. Fabela II, Mikhail Fridman, Kjell Morten Johnsen, Dr. Hans-Peter Kohlhammer, Yuri Musatov, Leonid Novoselsky, Alexey Reznikovich, Ole Bjorn Sjulstad, Morten Karlsen Sorby, Sergei Tesliuk and Torbjorn Wist.  The list of 13 candidates was based on nominations received from VimpelCom’s two largest shareholders, Telenor East Invest II AS and Altimo Cooperatief U.A.  Telenor and Altimo each nominated eight candidates, and both nominated the three current independents on the Company’s Supervisory Board, Messrs. Fabela, Kohlhammer and Novoselsky.

Nine of the 13 candidates will be elected to the Company’s Supervisory Board at the Shareholders Meeting.  Elections will be made by cumulative voting by the Company’s shareholders of record on November 20, 2012.  Further details on the agenda, the slate of nominees to the Supervisory Board mentioned above and procedural matters related to the Shareholders Meeting will be made available through an official notice to be distributed by VimpelCom to its shareholders prior to the Shareholders Meeting.

Additionally, as previously disclosed, in light of the injunctions issued by the Moscow Arbitration Court in relation to the claims by the Russian Federal Anti-Monopoly Service (“FAS”) against Telenor and Weather Investments II, the Supervisory Board has determined that if the injunctions are not lifted prior to November 27, 2012 it would be prudent to postpone the Shareholders Meeting. In case the Shareholders Meeting is postponed, an announcement in that respect will be issued on or around November 27, 2012.