Moscow and New York (May 16, 2008) — Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), today filed its Annual Report on Form 20-F for its fiscal year ended December 31, 2007 (the “Form 20-F”) with the U.S. Securities and Exchange Commission.

Shareholders may request a hard copy of the Form 20-F, including VimpelCom’s complete audited financial statements for its fiscal year ended December 31, 2007, free of charge by contacting VimpelCom’s Investor Relations at Investor_Relations@vimpelcom.com.

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".