Moscow and New York (May 29, 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 it will webcast its conference call on its first quarter 2008 financial and operating results on Wednesday, June 4, 2008, at 6:30 p.m. Moscow time (10:30 a.m. ET).

The conference call will be hosted by Alexander Izosimov, Chief Executive Officer. He will be joined by Elena Shmatova, Chief Financial Officer, Nikolay Pryanishnikov, Executive Vice President – General Director, Russia, Kent McNeley, Chief Marketing Officer and Jean-Pierre Vandromme, Executive Vice-President of Network Resources Management and Chief Executive Officer of Golden Telecom.

The press release announcing the Company’s first quarter 2008 financial and operating results will be available on the Company's web site, located at https://www.vimpelcom.com, prior to the conference call.

The call and slide presentation may be accessed via webcast at https://www.vimpelcom.com.

US call-in Number:                 +1 888-254-3595
International call-in number:   +1 913-312-1301

The conference call replay and the slide presentation webcast will be available through June 11, 2008 and July 4, 2008, respectively.  The slide presentation will also be available for download on the Company's website.

US Replay Number:                 +1 888-203-1112      Confirmation Code:   2634329
International Replay Number:   +1 719-457-0820      Confirmation Code:   2634329

The VimpelCom Group is a telecommunications operator, providing voice and data services, covered 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 250 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".