Amsterdam, (November 9, 2012) VimpelCom Ltd. (“VimpelCom”, “Company” or “Group”) (NYSE:VIP), a leading global provider of telecommunications services, announces that its Supervisory Board has set the date for the Company’s 2012 Annual General Meeting of Shareholders (the “Shareholders Meeting”) for December 21, 2012. The record date for the Shareholders Meeting has been set for November 20, 2012.

In light of the injunctions issued by the Moscow Arbitration Court in relation to the claims by the Russian Federal Anti-Monopoly Service (“FAS”) against Telenor and Weather II, the Supervisory Board has determined that if the injunctions are not lifted prior to November 27, 2012 it would be prudent to postpone the Shareholders Meeting. In case the Shareholders Meeting is postponed, an announcement in that respect will be issued on or around November 27, 2012.

The agenda of the Shareholders Meeting is as follows:
1. For shareholders to receive audited financial statements of the Company for the financial year ended on December 31, 2011;
2. To approve that the Supervisory Board shall consist of nine directors;
3. Election of the individual directors to the Supervisory Board;
4. Re-appointment of Ernst & Young as the Company auditor;
5. Cancellation of 50,000,000 authorized, but unissued ordinary shares of the Company.

Further details on the agenda, the slate of nominees to the Supervisory Board and procedural matters related to the Shareholders Meeting will be made available through an official notice to be distributed by VimpelCom to its shareholders prior to the Shareholders Meeting. If the meeting is postponed, a new notice of the Shareholders Meeting will be issued by the Company following the postponement.