OREANDA-NEWS. April 16, 2010. Open Joint Stock Company “Vimpel-Communications” (“OJSC VimpelCom” or the “Company”) (NYSE: VIP) welcomes the results of the U.S. Offer for all shares held by U.S. persons and all American Depositary Shares ("ADSs") of the Company that were announced by VimpelCom Ltd. today.

As announced by VimpelCom Ltd. today, the U.S. Offer expired yesterday at 5:00 pm, New York City time. A total of 308,309,375 ADSs (representing 15,415,468 shares) were validly tendered and not withdrawn in the U.S. Offer. It is expected that the major shareholders of OJSC VimpelCom, Telenor ASA and Altimo Holdings & Investments Ltd., will also cause their shares to be tendered in the Russian Offer prior to its close at 11:59 pm, Moscow time, on Tuesday, April 20, 2010, bringing the aggregate combined tenders in the U.S. Offer and the Russian Offer to 56,144,721 shares, representing 97.29% of OJSC VimpelCom's outstanding shares.

Commenting on today’s announcement, Boris Nemsic, Chief Executive Officer of OJSC VimpelCom, said:
“We are very pleased with such a positive response to the U.S. Offer. The overwhelming market support for the transaction shows investors’ backing for us to continue to successfully develop our business within the new structure”.

The OJSC VimpelCom group of companies consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Company has operations in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, covering territory with a total population of approximately 340 million. OJSC VimpelCom was the first Russian company to list its shares represented by ADSs on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".