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Veon Ltd.

March 28, 2008

Jean-Pierre Vandromme to Remain as CEO of Golden Telecom

Moscow and New York (March 28, 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 that Jean-Pierre Vandromme, the Chief Executive Officer of Golden Telecom, Inc. (“Golden Telecom”), has agreed to extend his contract term until December 31, 2009. Golden Telecom was recently acquired by a subsidiary of VimpelCom.

“I am very pleased that Jean-Pierre has agreed to stay with the Company and I am confident that he will continue to run Golden Telecom as successfully as before. Jean-Pierre’s vast professional experience and exceptional managerial skills will be very useful for our ambitious project of building the biggest integrated telecommunications provider in Russia and the CIS", said Alexander Izosimov, the Chief Executive Officer of VimpelCom.

 

 

 

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