Moscow and New York (September 4, 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 has signed a credit line agreement with Sberbank in the amount of RUR 10 billion.

The loan with Sberbank bears interest at a rate of 15% per annum and to be repaid in two equal installments in August 2012 and in April 2013.

VimpelCom intends to use the proceeds from the loan for refinancing of its existing indebtedness and development of VimpelCom’s core business.