OREANDA-NEWS. VimpelCom Ltd.’s subsidiary, Global Telecom Holding S.A.E. (“GTH”), issued English and Arabic versions of its press release announcing that its Algerian subsidiary Orascom Telecom Algerie (“OTA”) has been awarded one of the three provisional 3G licenses offered in Algeria. The English version of GTH’s press release is included as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this “Report”).

Cairo/London, October 14, 2013: Global Telecom Holding S.A.E. (“Global Telecom” or “GTH”) announces that its Algerian subsidiary Orascom Telecom Algerie (“OTA”) has been awarded one of the three provisional 3G licenses offered in Algeria, at a formal ceremony today. Final licenses with the relevant coverage obligations are expected to be granted after payment of fees, satisfaction of the conditions indicated in the tender documents and receipt of clearances and approvals from various governmental authorities. The 3G license will cost DZD 3 billion (approximately USD 40 million) and will be valid for 15 years, after which successive renewals will be in five year fixed terms.

OTA received an exceptional approval from the Bank of Algeria allowing OTA to make foreign payments to acquire equipment exclusively dedicated to 3G technologies. This exception is a conditioned derogation to the current ban on foreign payments.

Disclaimer

The GTH press release in this Report contains “forward-looking statements”, as the phrase is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating the grant of a 3G license to OTA. These forward-looking statements are based on the best assessment of management. The actual outcome may differ materially from these statements and there can be no assurance that OTA will receive a final 3G license, that OTA will be able to satisfy all of the license conditions or that OTA will be able to acquire 3G equipment and rollout 3G services in a timely manner or at all.  Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in VimpelCom Ltd.’s Annual Report on Form 20-F for the year ended December 31, 2012 and other public filings made by VimpelCom Ltd. with the SEC, which risk factors are incorporated herein by reference. VimpelCom Ltd. disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this Report, or to make corrections to reflect future events or developments.