OREANDA-NEWS. October 18, 2011. VimpelCom Ltd” (“VimpelCom” or the “Company”) (NYSE: VIP), a leading global provider of telecommunications services, today announced that it has agreed with Weather Investments II S.a.r.l. (“Weather II”) to extend to November 15, 2011 VimpelCom’s option to enter into the value sharing arrangement with Weather II with respect to Orascom Telecom Algerie. The option was originally set to expire on October 15, 2011.

For more information about the value sharing arrangement, please refer to the joint press release of VimpelCom and Wind Telecom S.p.A. issued on April 15, 2011.