03 October 2014

VimpelCom Appoints Gennady Gazin as New Director

“VimpelCom Ltd.” announced today that its Supervisory Board has approved the appointment of Gennady Gazin as a member of the Company’s Supervisory Board in place of Leonid Novoselsky.

Amsterdam (October 3, 2014) – “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ: VIP) announced today that its Supervisory Board has approved the appointment of Gennady Gazin as a member of the Company’s Supervisory Board in place of Leonid Novoselsky.

Alexey Reznikovich, Chairman of the Board of VimpelCom said: “I am very pleased that Gennady Gazin will be joining the Board of VimpelCom, where his experience and advice will be most welcome. At the same time, my fellow Directors and I would like to express our thanks to Leonid Novoselsky, who has been a member of the Board since 2006. During Leonid’s tenure the Company has grown substantially to become one of the leading telecommunications groups in the world, and we have valued Leonid’s advice and his contribution to the achievement of our ambitions.”

Mr. Gazin currently serves as Vice-Chairman of the Board at Studio Moderna, a multi-channel and direct to consumer retailer in Central & Eastern Europe. From 2007 to 2012 Mr. Gazin served as CEO of EastOne, an international investment advisory group. Prior to EastOne, Mr. Gazin worked at McKinsey and Company’s New York and Moscow offices for 14 years, during which time he was an active member of the Telecommunications practice and also served as the Senior Partner responsible for McKinsey’s CIS practice. Mr. Gazin started his professional career as a systems and telecommunications engineer at Bell Communications Research/Tellcordia and General Dynamics in the USA. Mr. Gazin received an MBA from the Wharton School at the University of Pennsylvania (USA), a bachelor’s degree in Electrical Engineering from Cornell University and a master’s degree in Electrical Engineering from Stanford University.

Notes to Editors

LetterOne Technology is an investment vehicle of LetterOne Group focused on opportunities in the global telecommunication sector. LetterOne Technology has two portfolio investments: VimpelCom Ltd., one of the world’s largest integrated telecoms services operators providing voice and data services, and Turkcell, the leading telecoms operator in Turkey.

VimpelCom 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.

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