Moscow and New York (October 3, 2007) — Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), today announced that the Federal Arbitration Court of the Moscow District affirmed the December 14, 2006 ruling of the Moscow Arbitration Court and the July 2, 2007 ruling of the Court of Appeals in favor of VimpelCom in the last remaining claim by Telenor East Invest AS.

VimpelCom is satisfied with the order of the court which once again denies Telenor’s claim to invalidate the transaction pursuant to which VimpelCom acquired CJSC “Ukrainian Radio Systems” (“URS”).

An appeal of today's ruling may be filed with the Supreme Arbitration Court.