VEON Investment to Accelerate the Digitalisation of Uzbekistan

10 May 2022

VEON Investment to Accelerate the Digitalisation of Uzbekistan Uzbekistan - May 10, 2022 VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces today that it is to advise and provide digitalisation services to the Uzbekistan Government during the country's accession to the World Trade Organization (WTO).

In a meeting with Laziz Kudratov, the First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan, VEON CEO, Kaan Terzioglu reiterated VEON's commitment to assisting the digitalisation of Uzbekistan. VEON Group, which operates in 9 countries and provides services to nearly 220 subscribers, has been serving Uzbekistan through its operating company Beeline since 2006. Beeline, Uzbekistan's leading Digital Operator, will actively participate in the implementation of the and, over the next five years intends to increase the volume of investments in the countrys economy by $250 million.

Digital Uzbekistan-2030 programme The success of Uzbekistan's WTO application will be influenced by the digitalisation of the economy of Uzbekistan, which is striving to become one of the technological leaders in Central Asia.

For the world community, what is important is not only the general state of the country's economy, but how the level of technology development in Uzbekistan has increased, said Kaan Terzioglu, CEO, VEON. By investing in the infrastructure of VEONs mobile operator, Beeline Uzbekistan, we are striving to make digital services available to residents and businesses throughout the country, which will no doubt be an additional advantage for Uzbekistan's WTO application.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services serving nine countries, which together are home to 9% of the world's population. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets. For more information, visit: www.veon.com

Disclaimer

This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forwardlooking statements are not historical facts, and include statements relating to, among other things, VEON's assistance in the digitalization of Uzbekistan. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Contact information

VEON

Investor Relations

Nik Kershaw

ir@veon.com

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LINK:	https://www.veon.com/media/media-releases/2022/veon-investment-to-acce...
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