VimpelCom extends Russian subsidiary's CEO contract

15/06/2017

26 Aug 2016

VimpelCom extends Russian subsidiary's CEO contract Amsterdam (26 August 2016) - VimpelCom Ltd. (NASDAQ: VIP), a leading global provider of telecommunications and digital services headquartered in Amsterdam and serving over 200 million customers, is pleased to announce it has extended the contract of Mikhail Slobodin, Chief Executive Officer (CEO) VimpelCom Russia, to the end of August 2019.

Mikhail Slobodin joined VimpelCom to lead VimpelCom's Beeline operation in Russia in 2013 after holding key positions in the oil and gas industry.

Kjell Morten Johnsen, VimpelCom Head of Major Markets, said: We are pleased to continue to have Mikhail on board as he leads the digital change and transformation of our business in Russia over the coming years. Mikhail has led from the front in demonstrating the change that Beeline is undergoing in Russia and his leadership and deep market knowledge will continue to underpin and serve our business well in this highly competitive market.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, with the ambition to lead the personal internet revolution for over 235 million customers it currently serves, and many others in the years to come.

Follow us on Twitter @veondigital, visit our blog blog.veon.com or go to our website www.veon.com.

Disclaimer

VEON considers portions of this press release to contain 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. Forward-looking statements can be identified by the use of words such as may, will, plan, should, expect, anticipate, estimate, continue or comparable terminology and include statements relating to, among other things, the development of VEON's compliance function. 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. Although VEON believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties. 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. Furthermore, elements of this release contain, or may contain, inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.

Contact Information

Investor Relations

Bart Morselt

ir@veon.com

Media and Public Relations

Maria Piskunenko

pr@veon.com

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