Moscow and New York (May 7, 2009) - Open Joint Stock Company “Vimpel-Communications” (“VimpelCom” or the "Company") (NYSE: VIP), the 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 fourth quarter and audited annual 2008 financial and operating results on Wednesday, May 13, 2009, at 6:30 p.m. Moscow time (10:30 a.m. ET).

The conference call will be hosted by Boris Nemsic, Chief Executive Officer, and Alexander Torbakhov, General Director. They will be joined by Elena Shmatova, Chief Financial Officer, Kent McNeley, Chief Marketing Officer, Andrey Patoka, Head of B2B Business Unit and Dmitry Pleskonos, Head of CIS Business Development.

The press release announcing the Company’s fourth quarter and audited annual 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:   1 888 204 6674

International call-in number:  1 913 312 1382

The conference call replay and the slide presentation webcast will be available through May 27, 2009 and June 13, 2009, respectively. The slide presentation will also be available for download on the Company's website.

US Replay Number:    1 888 204 6674  Confirmation Code:   3340402

International Replay Number:  1 913 312 1382  Confirmation Code:   3340402

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, as well as in Vietnam and Cambodia. The VimpelCom Group has licenses to operate in territories with a total population of about 340 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 ADRs are listed on the NYSE under the symbol "VIP".