Amsterdam(December 21, 2012), �VimpelCom Ltd.� (�VimpelCom�, �Company� or �Group�) (NYSE:VIP),announced that VimpelCom shareholders approved all agenda items at its Annual General Meeting of Shareholders (AGM) held today in Amsterdam.

In particular, the Company�s shareholders approved that the Supervisory Board shall continue to consist of nine directors and elected the following candidates to the Board: Jon Fredrik Baksaas, Andrei Baranov, Mikhail Fridman, Kjell Morten Johnsen, Alexey Reznikovich, Ole Bjorn Sjulstad, Sergei Tesliuk and independent directors: Dr. Hans-Peter Kohlhammer and Leonid Novoselsky.  Augie Fabela II, Co-Founder and Chairman Emeritus, will continue to serve in an active strategic role for the Company.

The AGM has also re-appointed Ernst & Young as the Company auditor and the AGM agreed to the cancellation of 50,000,000 authorized, but unissued ordinary shares of the Company.

Holders of approximately 91% of the Company's shares were represented at the AGM.

The Supervisory Board also met today and unanimously elected Alexey Reznikovich as Chairman. 

For more information about the Company�s Supervisory Board and related biographies, please see VimpelCom�s web site, www.vimpelcom.com in the �Corporate Profile/Leadership� section.