OREANDA-NEWS. On 2 March 2015, VimpelCom Amsterdam B.V. (the “Company”) announced its offer to purchase up to U.S.\$2,100,000,000 (subject to the terms and conditions set out in the offer to purchase dated 2 March 2015 (the “Offer to Purchase”), the “Maximum Tender Amount”) of its outstanding (i) U.S.\$500,000,000 6.493% Loan Participation Notes due 2016 issued by, but without recourse to, VIP Finance Ireland Limited (the “Series 1 Notes”), (ii) U.S.\$600,000,000 8.25% Loan Participation Notes due 2016 issued by, but without recourse to, UBS (Luxembourg) S.A. (the “Series 2 Notes”), (iii) U.S.\$1,000,000,000 9.125% Loan Participation Notes due 2018 issued by, but without recourse to, VIP Finance Ireland Limited (the “Series 3 Notes” and together with the Series 1 Notes and the Series 2 Notes, the “First Priority Notes”), (iv) U.S.\$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but without recourse to, VIP Finance Ireland Limited (the “Series 4 Notes” and the “Second Priority Notes”), (v) U.S.\$500,000,000 6.2546% Guaranteed Notes due 2017 issued by VimpelCom Holdings B.V. (the “Series 5 Notes”), (vi) U.S.\$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VimpelCom Holdings B.V. (the “Series 6 Notes” and together with the Series 5 Notes, the “Third Priority Notes”), (vii) U.S.\$600,000,000 5.20% Notes due 2019 issued by VimpelCom Holdings B.V. (the “Series 7 Notes”) and (viii) U.S.\$1,000,000,000 5.95% Notes due 2023 issued by VimpelCom Holdings B.V. (the “Series 8 Notes” and together with the Series 7 Notes, the “Fourth Priority Notes”) (the “Offer”). The First Priority Notes, Second Priority Notes, Third Priority Notes and Fourth Priority Notes are collectively referred to herein as the “Notes”. Validly tendered Notes will be accepted in the order of the priority acceptance levels as set out in the table below, except that the aggregate principal amount of Notes that will be accepted for purchase will not exceed the Maximum Tender Amount.

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Offer to Purchase.

Further to the announcement of the Offer on 2 March 2015, the Company hereby informs Noteholders that, as at the Early Tender Time (being 9.00 pm London time (5.00 p.m. New York time) on 13 March 2015), the aggregate principal amount of each Series of Notes validly tendered (and received by the Tender Agent at or prior to the Early Tender Time) is set out in the eighth column of the table below under the heading “Aggregate Principal Amount Validly Tendered at the Early Tender Time”, representing approximately U.S.\$1.8 billion of principal amount of the Notes. The Clearing Prices in respect of each of the Series 7 Notes and the Series 8 Notes was determined by reference to the relevant Bid Prices received, in accordance with the procedure set out in the Offer to Purchase and is set out in the seventh column of the table below that relates to the Fourth Priority Notes under the heading “Total Consideration (Clearing Price)”. Validly tendered Notes are irrevocable after the Early Tender Time with any future valid tenders of Notes to be considered irrevocable after that time.

About VimpelCom

VimpelCom, an international telecoms company operating in 14 countries and headquartered in Amsterdam, is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, and Zimbabwe. VimpelCom’s operations around the globe cover territory with a total population of approximately 740 million people. VimpelCom provides services under the “Beeline”, “Kyivstar”, “WIND”, “Infostrada” “Mobilink”, “banglalink”, “Telecel”, and “Djezzy” brands. As of 31 December 2014, VimpelCom had 222 million mobile customers on a combined basis. VimpelCom is traded on the NASDAQ Global Select Market under the symbol (VIP).