VimpelCom is satisfied with the order of the court which once again denies Telenor’s claim to invalidate the decision of VimpelCom's CEO to acquire CJSC “Ukrainian Radio Systems” (“URS”). This is the seventh time that a court has ruled in favor of VimpelCom on claims filed by Telenor challenging the validity of the URS acquisition.

An appeal of today's ruling may be filed with the Highest Arbitration Court.

The VimpelCom Group includes cellular companies operating in Russia, Kazakhstan, Ukraine, Tajikistan, Uzbekistan and recently acquired cellular operators in Georgia and Armenia. The VimpelCom Group's cellular license portfolio covers a territory with a population of about 240 million. This includes 78 regions of Russia (136.5 million people, representing 94% of the Russia's population), and the entire territory of Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, and Armenia. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".