Amsterdam (March 22, 2012) - “VimpelCom Ltd” (“VimpelCom”, “Company” or “Group”) (NYSE: VIP),a leading global provider of telecommunications services, announced today that Ossama Bessada, VimpelCom Group Executive Vice President and Head of the Europe and North America Business Unit, intends to leave VimpelCom at the end of June in line with his family plan to relocate to Canada. His replacement will be communicated in due course.

Jo Lunder, Chief Executive Officer of VimpelCom, said: “I would like to thank Ossama for all he has achieved in his time with VimpelCom and Wind. He has led the development of Wind in Italy and under his leadership the company has been the only growing operator in one of the most competitive markets in Europe. The performance of the business, combined with an excellent management team, makes me confident the succession will be very smooth.”