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VimpelCom Welcomes Russian FAS Announcement

AMSTERDAM, Nov. 23, 2012 /PRNewswire/ -- "VimpelCom Ltd." ("VimpelCom", "Company" or "Group") (NYSE: VIP), a leading global provider of telecommunications services, announced today that it is pleased with the announcement from the Russian Federal Anti-Monopoly Service ("FAS") that FAS is withdrawing its claims against Telenor East Invest II AS and Weather Investments II. VimpelCom awaits a formal decision from the Moscow Arbitration Court on the withdrawal request and an official removal of the injunctions previously placed upon the Company as a result of the FAS claim.

About VimpelCom

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 in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 780 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of September 30, 2012 VimpelCom had 212 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit: http://www.vimpelcom.com