Moscow and New York (August 21, 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 second quarter 2008 financial and operating results on Thursday, August 28, 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, Jean-Pierre Vandromme, Executive Vice-President responsible for Russian Operations, Dmitry Pleskonos, Executive Vice-President responsible for Business Development in the CIS and Nikolay Pryanishnikov, Executive Vice President responsible for International Business Development.

The press release announcing the Company’s second 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:    1 888-806-6215
International call-in number:   1 913-981-5536

The conference call replay and the slide presentation webcast will be available through September 4, 2008 and September 29, 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:   2781149
International Replay Number:   1 719-457-0820  Confirmation Code:   2781149

The VimpelCom Group consists of telecommunications operators providing voice and data services 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. The Group companies provide services under the "Beeline" brand. 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".